On December 11, 2020 Abbott (NYSE: ABT) reported that its board of directors has increased the company’s quarterly common dividend to 45 cents per share, reflecting a 25% increase (Press release, Abbott, DEC 11, 2020, View Source [SID1234572662]).

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"Paying a strong and growing dividend is foundational to Abbott," said Robert B. Ford, president and chief executive officer, Abbott. "The increase reflects the strength and momentum of Abbott’s diversified business and our ability to invest in future growth while returning immediate value to shareholders."

This marks the 388th consecutive quarterly dividend to be paid by Abbott since 1924. The cash dividend is payable Feb. 16, 2021, to shareholders of record at the close of business on Jan. 15, 2021.

Abbott has increased its dividend payout for 49 consecutive years and is a member of the S&P 500 Dividend Aristocrats Index, which tracks companies that have increased dividends annually for at least 25 consecutive years.