How Safe is Abbott Labs' Dividend?
In this video, we perform a deep dive on Abbott Labs' dividend safety.
To begin, let's talk about Abbott Lab's business model. Abbott Laboratories is one of the largest medical appliances & equipment manufacturers in the world. Only Johnson & Johnson (which also has other businesses such as pharmaceuticals) has a higher market capitalization. Abbott Laboratories was founded in 1888 and has grown into a company valued at $120 billion.
Abbott Labs is a well-known dividend stock because of its compelling track record of dividend growth. With 46 years of consecutive dividend increases, Abbott Labs is a member of the Dividend Aristocrats Index, a group of elite dividend stocks with more than 25 years of consecutive dividend increases.