Abbott Laboratories recently increased its quarterly dividend, reaching 13 consecutive years of dividend growth, maintaining its Dividend Aristocrat status. While strong in medical devices and innovation, the company faces challenges including a Class I recall for its FreeStyle Libre and weakness in its nutrition segment. Despite these headwinds and a moderately high payout ratio, Abbott’s management remains committed to dividend growth, supported by adequate cash flow and strategic acquisitions.
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Abbott Labs Just Extended Its Dividend Aristocrat Status: What Comes Next?
Abbott Laboratories recently increased its quarterly dividend, reaching 13 consecutive years of dividend growth, maintaining its Dividend Aristocrat status. While strong in medical devices and innovation, the company faces challenges including a Class I recall for its FreeStyle Libre and weakness in its nutrition segment. Despite these headwinds and a moderately high payout ratio, Abbott’s management remains committed to dividend growth, supported by adequate cash flow and strategic acquisitions.