Sunday, December 19, 2010

Dividend Machine Abbott Laboratories, ABT

Abbott Laboratories, symbol ABT, announced its 344th consecutive dividend this week. Abbott, a global, diversified drug manufacturer, has increased its dividend for 37 years straight. Like many of the large drug manufacturers, ABT has not been burning up the streets with increased stock prices. Yet at Friday's close of $48.40, it pays out 3.65%. ABT is number five of the fifty two dividend machines that I will profile for your income investing portfolio.

If you own ABT on January 15, 2011, you will receive $.44 per share in a dividend on February 15, 2011.

ABT has a strong balance sheet with a D/E ratio of only .87 nice for a company that has been actively working to increase growth opportunities.

You should have at least one large drug manufacturer in your dividend machine portfolio and ABT is one to consider.

I will profile another dividend next week; however, for the rest of this week I hope to be vacationing. If I get bored, I may post some more learning points on income investing. Cash flow is everything in retirement.

Merry Christmas,