Abbott Announces 25 Million Share Buyback, Declares Quarterly Dividend
ABBOTT PARK, Ill., June 9 /PRNewswire/ -- The board of directors of Abbott Laboratories today approved the purchase
of up to 25 million shares of its common stock from time to time in the open market and declared a quarterly common dividend of 19 cents per share.
The cash dividend represents an 11.8 percent increase over the year-earlier quarter and is payable August 15, 2000, to
shareholders of record at the close of business on July 14, 2000. This marks the 306th consecutive dividend to be paid by Abbott since 1924.
Abbott Laboratories is a global, diversified health care company devoted to the discovery, development, manufacture and marketing of pharmaceutical, diagnostic, nutritional and hospital products. The company employs 57,000 people and markets its products in more than 130 countries. In 1999, the company's sales and net earnings were $13.2 billion and $2.4 billion, respectively, with diluted earnings per share of $1.57. Abbott's news releases and other information are available on the company's Web site at www.abbott.com .
This is a nice development....
chris |
