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Abbott Laboratories Announces New $3 Billion Share Repurchase Program; Declares Dividend


Friday, 14 Jun 2013 12:22pm EDT 

Abbott Laboratories announced that its board of directors has approved a new share repurchase program and declared a quarterly common dividend. Abbott's board has authorized the repurchase of up to $3 billion of the corporation's common stock. The program replaces the previous $5 billion program that was announced in October 2008 and was recently completed. The purchases may be made from time to time as market conditions warrant and subject to regulatory considerations. The board also declared a quarterly common dividend of $0.14 per share. The cash dividend is payable August 15, 2013, to shareholders of record at the close of business on July 15, 2013.