AbbVie distributes a $1.30 quarterly dividend, or $5.20 per share on a yearly basis. The business expects diluted profits per share to range between $6.04 to $6.14 in 2021, which is substantially above its annual payment. The payout ratio would be around 86 percent at worst. Although this is a little more than most dividend investors want, it is still manageable. Non-cash expenses like amortization and depreciation are included in income under generally accepted accounting principles (GAAP). On an adjusted basis, which excludes such items, the company’s per-share earnings for the year will be at least $12.52. Even if Humira revenue declines and Rinvoq results are weaker than projected in the future, AbbVie has a large buffer between its yearly distribution and adjusted earnings, which should allay investors’ concerns about the company’s current payout.
And, in the context of adjusted earnings, I’d argue that not only does the dividend appear to be quite safe, but AbbVie also appears to be in a strong position to keep increasing its dividends in the future. The company is already a Dividend Aristocrat, with dividends increasing for the past 25 years.
What months does AbbVie pay dividends?
(NYSE: ABBV) issued a $1.30 per share quarterly cash dividend today. The cash dividend will be paid on November 15, 2021 to stockholders who were on the books on October 15, 2021 at the close of business. AbbVie has grown its dividend by 225 percent since its start in 2013.
Will AbbVie increase dividend in 2021?
“We are raising our full-year EPS guidance for 2021 as a result of our excellent momentum. We remain optimistic about AbbVie’s long-term prospects and are increasing our dividend, which has increased by more than 250 percent since its commencement.”
Is AbbVie a good dividend stock?
AbbVie is a great dividend stock if you’re willing to take a bit higher risk than some of the lower-yielding, lower-volatility alternatives.
Will AbbVie raise its dividend?
AbbVie (ticker:ABBV) is a biopharmaceutical business that pays a quarterly dividend of $1.30 per share. According to IHS Markit, it will be hiked by 11.5 percent to $1.45 per share. The quarterly dividend of West Pharmaceutical Services (WST) is scheduled to increase to 18 cents per share.
How often does Verizon dividend?
(NYSE, Nasdaq: VZ) issued a quarterly dividend of 62.75 cents per outstanding share today, which is unchanged from the past three quarters. Verizon shareholders who were present at the conclusion of business on July 9, 2021 will receive a quarterly dividend on August 2, 2021.
Is Pfizer a good dividend stock?
Despite its caution, PFE offers investors one of the highest dividend rates. With a current yield of 3.7 percent, it ranks among the top 25% of dividend payers in the market. Due to the recent price increase, its yield appears to be low. As a result, investors who made investments in 2021 saw their money grow.
What is AbbVie known for?
AbbVie is a biopharmaceutical firm founded on research. Abbott Laboratories spun it off in 2013. In its first five years in the industry, the company has enjoyed a solid start. Humira, the company’s breakthrough medicine, brought in billions of dollars.
