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AbbVie Raises Quarterly Dividend by 4.7% to $1.55

Provided by Dow Jones

Oct 27, 2023 12:01pm

By Colin Kellaher

AbbVie's board has raised the biopharmaceutical company's quarterly dividend by 4.7%, to $1.55 from $1.48.

The new payout, equal to $6.20 a year, represents an annual yield of about 4.27% based on Thursday's closing price of $145.20, up from 4.08%.

The North Chicago, Ill., company on Friday said the increased dividend is payable Feb. 15 to shareholders of record Jan. 16.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

October 27, 2023 08:01 ET (12:01 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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