Image Source: PixabayOn 30 October, AbbVie (ABBV) increased its quarterly dividend by 5.81%, from $1.55 to $1.64 per 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. 5-Year History of Dividend Payouts by Ex-Date
✝projected, assuming no further changesMore By This Author:Visa Inc. Dividend IncreaseBrown & Brown Dividend IncreaseRollins Dividend Increase
