Another wild month with the markets! Times have been tough with the 'fiscal cliff' dragging on without a solution. Politicians stepped it up and temporarily struck a deal today, sending the DOW up over 300 points. I say temporary because in 2 months a deal must be made regarding the country's debt ceiling and its spending...
Politics aside, Abbot Labs has just completed its split with Abbvie. It will be interesting to see how this plays out. 70% of Abbvie's income is generated by its main drug Humira, whos patents run out in a couple years.... It also appears Abbvies dividend may be a much higher than that of ABT...
$49.85 is the new average monthly dividend! I look forward to breaking 50 dollars a month to kick off 2013! From the prior month, a 1.4% increase was experienced with the dividend.
Disclaimer: I am not a financial planner, advisor, or accountant. The financial
actions mentioned were only suited for my own risk tolerance, strategy,
and ideas.
Copying another's financial moves can lead to large losses. Each
person needs to do their due diligence in researching and planning their
own actions in the financial markets.
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