Abbott has paid dividends to shareholders for over 100 consecutive years. From 1924 to 2024 – a century marked by market fluctuations, political transitions, rapidly changing technology and medical breakthroughs – Abbott has improved the quality of people’s lives while returning value to shareholders.
Our track record of dividend growth will continue in 2025: Abbott is raising its dividend by 7.3% to 59 cents per quarter. Our quarterly dividend has increased more than 60% since 2020 and has more than doubled over the last decade.
This marks our 53rd consecutive year of dividend growth and the 404th consecutive quarterly dividend paid. We’re part of the S&P 500’s Dividend Aristocrats Index of companies that have raised their dividend payout for at least 25 consecutive years, and we’re part of the elite “Dividend Kings” list of companies that have raised dividends for at least 50 years in a row. It’s this kind of consistency that has enabled shareholders – including many of our employees – to grow their assets by investing in Abbott over the course of our more than 135 years in business.
As we celebrate 101 years of dividend payouts, we’re remembering one the earliest Abbott investing success stories, that of Grace Groner, who worked as a secretary at Abbott for over 40 years. In 1935, Groner bought three shares of Abbott stock for $60 each. She consistently reinvested her dividend payments and quietly amassed a $7.2 million fortune. Groner passed away in 2010, at the age of 100, and it was only then that her multi-million-dollar estate was discovered.
Groner left her entire estate to a foundation she had set up years before her death to fund internships, international study and service projects for students at her alma mater, Lake Forest College. Groner’s initial $180 investment in Abbott stock, compounded over the years by stock splits and dividend reinvestments, enabled her to leave a legacy that will live on for many years to come. Over the years, the Grace Elizabeth Groner Foundation has helped many college students pursue service-learning opportunities benefitting at least 25 Lake County, national and international non-profit organizations.
Learn more about Abbott's latest quarterly dividend increase.
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