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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I was really surprised with how the dividend got split between the two. I am holding until 1 quarter's earnings come in and I can get a clearer picture of the two companies. ABT at a 1.7% yield is hurting my portfolio. Might have to sell it.
ReplyDeleteYes I agree, I got out around 33.80, I believe it was taken off of fish's dividend champions list too. I shifted into other investments for the moment and will be waiting to see how ABT performs over the next couple quarters.
ReplyDeleteI wouldn't touch ABT. You can't focus on current yield as much as dividend growth for the future. I know we are all yield hungry but simply buying a stock because it offers a "high" yield is not as solid as buying a low yield, low payout ratio stock that can increase dividends going forward.
ReplyDelete