Abbott Laboratories (ABT) popped Friday after the medical giant announced it raised its dividend to 28 cents, marking the 377th consecutive quarterly dividend to be paid by Abbott since 1924.
X The cash dividend is payable May 15 to shareholders of record at the close of business on April 13, Abbott said in a news release.
Abbott has increased its dividend payout for 46 consecutive years. Its 12-month dividend yield is 1.87% and the firm has a three-year dividend growth of 6.1%, a spokesperson told Investor's Business Daily.
In comparison, the average 12-month yield for health care companies in the S&P 500 is 1.79%.
On the stock market today, Abbott rose 1.1% to close at 60.17.
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