Nov 2 (Reuters) – AbbVie Inc: ABBVIE – BOARD DECLARED INCREASE IN QUARTERLY CASH DIVIDEND FROM $0.96/SHARE TO $1.07/SHARE.
AbbV is a newer position to the protfolio and it raised its dividend quickly after i bought a few shares. I had bought a total of 16 shares by the time the raise was announced. Some headwinds have depressed the price but im cofident it is a strong company and will continue to pay dividends for years to come.
Now the details 16 shares times .11 equates to $1.76 a quarter or $7.04 a year. Already getting raises for next year and will help out a lot. Eventually these raises will help put me over the crossing point to wear i wont have anything to worry about just kick back and collect the dividend. This will take effect for the Feb 2019 dividend payment.
2019 total increases $8.074
Have you had any raises lately?