AbbVie Boosts Quarterly Dividend by 8.5%
October 29 2021 - 8:41AM
Dow Jones News
By Michael Dabaie
AbbVie Inc. said it raised its quarterly dividend by 8.5%.
The biopharmaceutical company said its board of directors
increased the cash dividend to $1.41 a share from $1.30.
"We remain highly confident in AbbVie's long-term outlook and
are once again raising our dividend, which has grown over 250
percent since inception," said Chief Executive Richard A.
Gonzalez.
Shares rose 3% premarket to $113.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
October 29, 2021 08:26 ET (12:26 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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