Abbott Labs (ABT) Declares $0.22 Quarterly Dividend; Reports New $3B Buyback Plan

September 11, 2014 1:41 PM EDT

Abbott Labs (NYSE: ABT) declared a quarterly dividend of $0.22 per share, or $0.88 annualized.

The dividend will be payable on November 15, 2014, to stockholders of record on October 15, 2014, with an ex-dividend date of October 10, 2014.

The annual yield on the dividend is 2.1 percent.

Abbott's board also has authorized the repurchase of up to $3 billion of the corporation's common shares. This new authorization is in addition to the $511 million unused portion of the previous program that was announced in June 2013. The purchases may be made from time to time as market conditions warrant and subject to regulatory considerations.

For a dividend history and other dividend-related data on Abbott Labs (ABT) click here.

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