Quarterly Dividend of $0.40 Declared by AbbVie Inc. (ABBV)
AbbVie (NASDAQ:ABBV) announced a quarterly dividend on Friday, January 4th. Investors of record on Tuesday, January 15th will be paid a dividend of $0.40 per share on Friday, February 15th. This represents a $1.60 annualized dividend and a dividend yield of 4.59%.
A number of analysts have recently weighed in on ABBV shares. Analysts at Barclays Capital initiated coverage on shares of AbbVie in a research note to investors on Friday. They set an “equal weight” rating and a $37.00 price target on the stock. On the ratings front, analysts at Bank of America initiated coverage on shares of AbbVie in a research note to investors on Friday. They set a “buy” rating and a $40.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of AbbVie in a research note to investors on Thursday. They set an “equal weight” rating and a $36.00 price target on the stock.
Shares of AbbVie (ABBV) traded down 1.26% during mid-day trading on Friday, hitting $34.3908. AbbVie (ABBV) has a 52 week low of $34.10 and a 52 week high of $35.40. The stock’s 50-day moving average is currently $34.9.
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