The board of directors of Abbott has declared a quarterly common dividend of 63 cents per share, marking a run of 411 consecutive quarterly dividends to be paid by the healthcare company since 1924, a period that includes the Great Depression and several severe recessions.
The cash dividend is payable Nov. 16 to shareholders of record at the close of business on Oct. 15.
Abbott, which completed its acquisition of Madison’s Exact Sciences earlier this year, is a member of the S&P 500 Dividend Aristocrats Index.
The index tracks companies that have increased dividends annually for at least 25 consecutive years.
