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Abbott declares $0.14/share qtr. dividend, what the heck?!

Were you also surprised finding out that the Abbott‘s dividend rate fell to 0.14 a share and started creeping what was going on? Well, today my stock spreadsheet showed up with this dividend rate and yield, see a print screen below.

ABT

I knew Abbot was going to split in January 2013, but I didn’t realize that they would announce already split dividend, so I started freaking out, what the heck was happening with our great Abbott company.

Finding some information which would make sense to me wasn’t easy. Everybody was talking a language I didn’t understand. But I found it. Abbott is going to pay a quarterly dividend of $0.14 a share and a new company AbbVie will pay the remaining $0.40 a share dividend. Both companies combined will pay $0.54 a share which is 6% increase of the dividend.

The company will split 1:1 and each shareholder gets 1/2 of Abbot and 1/2 of the new company AbbVie.

I only wonder how they want to split my 19 shares in half…

Happy Trading!





3 responses to “Abbott declares $0.14/share qtr. dividend, what the heck?!”

  1. I use to do the same thing. But don’t beat yourself up too bad. ABT is a mammoth dividend payer so for them to cut their stock by over 75% should cause one to panic.

  2. admin says:

    Marvin, when I saw it for the first time I was panicking. Many times I see some price action usually which goes against me and desperately want to know why. Maybe that’s my problem.

  3. I encountered the same problem. I initially thought it was a small dividend they were paying out to avoid new taxes in 2013. But ran into the same thing you did.

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