Dividend Aristocrat Abbott Laboratories (ABT) will raise its dividend for the 40th consecutive year. Abbott will increase its quarterly payout from $0.48 to $0.51 per share, giving the stock a yield of 3.4% at the current stock price of $56.36. The pharmaceutical company has paid a dividend since 1924, and increased its dividend for 40 consecutive years.

Abbott Laboratories is a global healthcare company with a portfolio of science-based offerings in diagnostics, medical devices, nutritionals and branded generic pharmaceuticals. The company's products include pharmaceuticals, nutritional, diagnostics, and vascular products. The Pharmaceutical Products segment includes a range of branded generic pharmaceuticals. Abbott’s Nutritional Products include a range of pediatric and adult nutritional products. Abbott has paid consecutive quarterly dividends since 1924.