While I will not pay for another streaming service, I know plenty of others that may do so! The company has a high yield and has raised the dividend every year since it was created. Comcast’s latest battle was the launching of NBC’s Peacock streaming service and taking hit shows like The Office off of Netflix. It originated as a spin-off of Abbott Laboratories. Some of their brands include household names such as Huggies, Kleenex, and Cottonelle. Man, I told you that December was a busy month. Abbott (NYSE: ABT) today announced that its board of directors has increased the company’s quarterly common dividend to 45 cents per share, reflecting a 25% increase. In fact, it was out of character for Abbott, whose more recent dividend hikes had been in the high single digits to low teens. Also, Abbott’s free cash flow (FCF) coverage ratio was 1.4 before the hike. Hopefully you are all starting to see why we love dividend investing. The next dividend is payable February 16, 2021, to shareholders of record at the close of business on January 15, 2021. The market has started keying in on value after squeezing every drop of profit from growth, so these low-volatility dividends are about to become en vogue again. Learn more. Expectations are that the company will make some major announcements, one of which should be their dividend strategy going forward. That means it had about 140% of the free cash flow it needed to cover the dividend, which is well below the 4.8 FCF coverage ratio of Argus’s first-tranche stocks. Abbott has certainly delivered the goods, however. AT&T’s shockingly announced the same dividend last month. The total portfolio dividend growth scorecard for the US stocks shows an average 2.1% current yield (the stocks have had quite the run-up) and a dividend growth rate in 2020 of 6.9%. During the past decade, the company has managed to increase distributions at an annualized rate of 14.30%. This is why your favorite dividend “aristocrat”—a company everyone knows and has paid dividends forever—never pays a high current yield. Where things get really exciting, though, is the income potential. Riding dividend growers to red-hot total returns is a staple of my investing plan, and if it’s not already one of the pillars of your retirement strategy, you need to fix that—today. It was a shockingly low dividend increase for a company that has averaged 20% dividend increase in recent years. This slide show lists the 20 companies that have the lowest average analyst recommendations from Wall Street's equities research analysts over the last 12 months. The Banking Industry – The banking sector received a nice jolt in December when the Fed annoucned the results of stress tests. I’m also expecting raises from ADM and O during January. Abbott Laboratories (NYSE: ABT) announced a dividend increase on Dec. 11. Abbott Laboratories (ABT) recently increased its quarterly dividend 25% to $0.45 per share. Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter: View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. There are 65 so-called “dividend aristocrats,” which is the name given to companies that have managed to increase their dividends for 25 consecutive years. Look at how much that little table tells us. AbbVie’s dividend record is very good, given the company’s short life-span. Shareholders have enjoyed 20%-plus average annual returns over the past half-decade, and Wall Street is expecting another big year for ABT’s operations, modeling 14% revenue growth and 24% profit growth in 2021. All rights reserved. “Paying a … Major oil companies, such as Shell and BP, slashed their dividend to preserve their cash and improve their balance sheets. Even including this raise, Abbott’s five-year dividend growth sits under 12%—not exactly in line with that first Argus tranche. The company is expected to earn $8.32/share in 2021. EnBridge (ENB) – The Canadian oil and gas giant announced a 3.1% dividend increase. Get short term trading ideas from the MarketBeat Idea Engine. This new dividend hike is the biggest announced by Abbott since the separation from AbbVie (ABBV). A multiple of 3.4 is certainly rich. Regardless of what happens well down the road, Wall Street’s “smart money” still sees good things for MA nearer-term, projecting 19% top-line growth and a 30% bottom-line recovery in 2021, which could very well help Mastercard shares keep rolling at their nearly 29% annual rate from the past five years. Mastercard (MA) has for decades been at the forefront of payments technology, even if we never really realized it. This was in line with its 5- year average dividend growth rate. 2021 is here with style! It’s best known in the income investing community for its status as a Dividend Aristocrat—one that has upped its payouts every year for nearly half a century. However, the company was not featured in my article last month. Not only do these raises increase the yield on your initial capital, but also they often are reflected in a price increase for the stock. Darden was not even on our radars as a dividend growth stock. It was worth noting that several dividend stocks in the pharmaceutical sector. Dividend Summary. Surprise Dividend Increases – This section will cover dividend increases that came out of left field! We identified 7 companies that are expected to announce dividend increases in the coming months. There were so many strong dividend increases, and a few surprises (good and bad). Dividend Increases are back and it contributed to yet another CRAZY month of dividend increases. Each month, we summarize the previous month’s dividend increases and project the dividend increases we are expected to receive. Grand total for the month of November: $1,294.38 an increase of 33.4% from November 2019. A decrease of -9.2%. You are right, the pharmaceutical sector was a big winner in 2020! Microsoft (MSFT), which has paid a dividend since 2003, declared a quarterly disbursement of 56 cents a share, up nearly 10% from 51 cents. Brokerage Account "Paying a strong and growing dividend is foundational to Abbott," said Robert B. Ford, president and chief executive officer, Abbott. Dividend Yield: 1.6%. Date Pay. Its stock price rises too fast! The company’s five-year annual dividend growth rate of 52% might raise your expectations too high; the company’s most recent raise, of about 11%, is far more realistic. The increase for 2021 – already announced – is a healthy 10.2%. Dividend Aristocrat AbbVie Declares Its Latest Payout; Yield Is 5.3% The company is one of the most solid dividend dispensers in its industry. Earnings Growth ... Ex-Date: Jan 14, 2021. Dividend Data Trading Data Fwd Annualized Dividend / Yield ABT Dividend History & Description — Abbott Laboratories. The cash dividend is payable Feb. 16, 2021, to shareholders of record at the close of business on Jan. 15, 2021. Robert B. Ford, the company's president and chief executive, said, "The increase reflects the strength and momentum of Abbott's diversified business and our ability to invest in future growth while returning immediate value to shareholders." Would the company announce a similar increase to Visa? Enjoy that 10% dividend increase shareholders! The Pharmaceutical Sector: Pfizer (PFE) , Bristol-Myers Squibb (BMY), Eli LIlly (LLY) – Rather than list each individual company separately. Reply. Argus examined the recent performance of the roughly 500 stocks that make up the “Argus Universe of Coverage,” then reduced that list to 400 by excluding stocks that haven’t paid dividends over the past five years. Its current scale is the result of the 2016 mega-merger between the old Broadcom and Avago Technologies, as well as subsequent acquisitions of CA Technologies and Symantec’s enterprise security arm. ABT’s stock has delivered year-to-date returns of 25%. Consolidated Edison is one of our favorite utility companies, dominating in a sector that is essential to everyday life. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.3. However, I have a great feeling it is going to be extraordinary for dividend investors. KMB’s dividend history is very consistent. 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