AbbVie Increases Quarterly Dividend to $1.82 Per Share
AbbVie (ABBV) has announced a 5.2% increase in its quarterly dividend, raising the payout from $1.73 to $1.82 per share. This adjustment results in a forward dividend yield of approximately 2.5%. The dividend is scheduled to be paid on February 16, with the ex-dividend date and record date set for January 15. The dividend hike comes amid strong performance from key products like Skyrizi and Rinvoq, which continue to drive growth despite looming patent expirations. Recent financial data shows AbbVie exceeding expectations with a non-GAAP EPS of $3.82 and revenue of $17.4 billion, leading the company to raise its full-year guidance.
Tickers: $ABBV
Topics: dividend increase earnings beat guidance raise revenue growth