I bought ABBV on July 1, 2024 for $170.94 per share. AbbVie Inc. is a Biotechnology company that has a dividend yield of 3.61% and a 5 year average dividend growth rate of 8.34% per year. Their stock price is up 126% over the past 5 years. ABBV has an ex dividend date of July 15, 2024. This means that you would need to purchase the stock before July 15 to recieve the dividend on August 14, 2024. If you sell the stock after the ex dividend date, you will still recieve the dividend.
ABBV is a Dividend King that has been raising it’s dividend for more that 50 years in a row. It is also a top 20 member of SCHD and it has a dividend safty rating of “Safe” according to SimplySafeDividends.com.
I do not know if the stock price is going to go up or down, but I am willing to hold the stock for the long term and continue to collect the dividend if the price goes down. If the price goes up, I may take my profit after the ex dividend date and invest in another good dividend stock, or I might hold on to it. It all depends on what other opportunities are available in the market.
Here are some recent news articles from leading financial publications about AbbVie Inc.
2 High-Yielding Healthcare Stocks to Buy With $1,000 in July
How Do These 3 Healthcare Dividend Stocks Deliver Reliable Income And Growth?
My Rules For Investing:
Never invest in anything that you do not completely understand.
Do not invest in a stock unless you are willing to hold it for the long term.
Never put more than 10% of your money into any one stock.