Abbott Laboratories (ABT) Declares Quarterly Dividend, Announces Share Buyback

NEW YORK (TheStreet) -- Abbott Laboratories  (ABT) declared its quarterly dividend of 22 cents a share Thursday, in line with its previous dividend.

The dividend has a forward yield of 2.06% and will be payable on November 15 to shareholders of record as of October 15. The stock will begin trading ex-dividend on October 13.

Abbott also announced a new share buyback of up to $3 billion in addition to the $511 million unused portion of its previous repurchase program in June 2013.

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The stock was down 0.65% to $42.62 at 2:27 p.m. More than 5.4 million shares had changed hands, compared to the average volume of 4,899,430.

ABT Chart ABT data by YCharts

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