Abbott Laboratories (NYSE:ABT) is included among the 11 Best Value Dividend Stocks to Buy Now.
Courtesy of Abbott Labs
Abbott Laboratories produces a wide range of healthcare products and medical devices, with its business divided into four main areas: established pharmaceuticals, diagnostics, nutrition, and medical devices.
On September 19, Abbott Laboratories declared a quarterly dividend of $0.59 per share, which was in line with its previous dividend. Overall, the company has raised its payouts for 53 years straight, which makes it one of the best value stocks with dividends. The stock supports a dividend yield of 1.77%, as of September 26.
The pandemic gave Abbott Laboratories a major lift through strong demand for its rapid COVID-19 tests. While sales in this category have since dropped, the company’s core operations continue to perform well. One of its standout products is the FreeStyle Libre, the world’s best-selling continuous glucose monitoring system, which has become a major driver of growth thanks to its rapidly increasing sales.
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