By Denny Jacob

 

Abbott Laboratories increased its quarterly common dividend 7.8%, to 55 cents a share, from 51 cents.

The new payout, equal to $2.20 a year, represents an annual yield of about 2% based on Thursday's closing price of $108.60.

The healthcare-products manufacturer said the dividend is payable on Feb. 15 to shareholders of record at the close of business on Jan. 12.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

December 15, 2023 11:51 ET (16:51 GMT)

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