On 30 October, AbbVie (ABBV) increased its quarterly dividend by 5.81%, from $1.55 to $1.64 per
share.
share.
The dividend will be paid on 15 February 2025 to shareholders of record on
15 January 2025. The ex-dividend date is 15 January 2025.
ABBV’s contribution to DivGro’s projected annual dividend income will
increase by $36 to $656.
I own 100 shares of ABBV at an average cost basis of $60.56 per share. Following this increase, my yield on cost
is 10.83%. (ABBV’s forward yield is 3.22% at $203.55 per share).
Since I opened my ABBV position in December 2016, the stock has produced total returns of 296%, including $3,656 in dividend income.
That’s an outstanding annualized rate of return of 19.0%!
ABBV became DivGro’s 11th Home Run stock in February 2018, when the stock doubled my original capital
outlay.
outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2020 | 2021 | 2022 | 2023 | 2024 | • | 2025 |
| $4.72 | $5.20 | $5.64 | $5.92 | $6.20 | ⬆ | $6.56✝ |
| 10.28% | 10.17% | 8.46% | 4.96% | 4.73% | ⬆ | 5.81% |
| 5-year DGR: | 7.69% | ⬇ | 6.81% | |||
✝projected, assuming no further changes