Abbott (NYSE:ABT) announced today that its board of directors increased its quarterly common dividend to 51¢ per share.
This dividend represents an 8.5% increase, the company said in a news release.
It also marks the 51st consecutive year of dividend growth. Abbott said it represents the 396th consecutive quarterly dividend to be paid by the company since 1924.
The dividend is payable on Feb. 15, 2023, to shareholders of record at the close of business on Jan. 13, 2023.
Shares of ABT rose 1.4% at $108.36 apiece in midday trading today.