Happy Monday everyone! Today I wanted to share with you some dividend news I received on Friday. On Friday one of the stocks I own AbbVie (ABBV) announced quarterly earnings, during that announcement the board of directors declared a 10.3% dividend increase that will take place in February. AbbVie currently pays $1.07 per share this will increase to $1.18 per share when they pay the February dividend.
I currently own 67 shares of AbbVie so with this increase my quarterly income will increase by $7.37, annually my income increases by $29.48
If you own shares in AbbVie congrats fellow shareholders on your raise.
Thanks for reading!
Matthew
Don’t forget about that capital appreciation too! š
What was your cost basis?
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My cost basis is currently $82.78
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Not too bad! Better than at the peak of like $120. New investor here, got in at $76.69 for 10 shares. In my short investing career, ABBV is the best performing stock in my portfolio
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Nice I just started following your blog. I got my shares at a good price. I wish I had had some cash when the stock was in the low $70s to buy more. I would say Fortis is my best performing stock to date.
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Woohoo! Have had them from the beginning!
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Need it drop a dollar or 3 so I can pick up some more. Excellent raise we got from this one.
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It would be nice if the stock would drop enough so I could drip a new share š and yes we certainly did get a nice raise from ABBV. Congrats fellow shareholder!
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Hey Matthew, just started following your blog. Found you from another FIRE blog, so thought I’d check yours out too!
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Welcome DG Tech and thank you for writing to me. I hope you like my site. Please feel free to comment anytime. Do you have a website?
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I loved this dividend increase Matthew! It was nice to see ABBV cross 10% after their acquisition announcement. I’m excited to see the earnings, and dividend, power of the combined entity.
Bert
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Hi Bert it was really nice to see this increase. After the acquisition announcement I remember people were talking about whether the dividend was safe. Iām looking forward to the combined entity as well.
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