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June 12, 2009 (FinancialWire) -- Abbott Laboratories' (NYSE: ABT | Quote | Chart | News | PowerRating) board has declared a quarterly common dividend of 40 cents per share. The cash dividend is payable August 15 to shareholders of record at the close of business on July 15.
The move marks the 342nd consecutive quarterly dividend to be paid by Abbott since 1924. Abbott has increased its dividend payout for 37 consecutive years, including an 11 percent increase earlier this year.
Abbot Park, Illinois-based Abbott is a health care company focused on the discovery, development, manufacture and marketing of pharmaceuticals and medical products, including nutritionals, devices and diagnostics.
The company employs more than 72,000 people and markets its products in more than 130 countries.
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
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