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How Abbott Labs Became a Dividend Growth Investor's Dream

The article from MSN Money discusses how Abbott Laboratories has become an attractive option for dividend growth investors. Abbott Labs, a diversified healthcare company, has a long history of increasing its dividends, with 52 consecutive years of dividend hikes, making it a Dividend Aristocrat. This consistent growth is attributed to its diversified business model, which spans diagnostics, medical devices, nutrition, and branded generic pharmaceuticals. The company's ability to innovate and expand its product lines, particularly in high-growth areas like diabetes care with its FreeStyle Libre system, has driven steady revenue and earnings growth. Additionally, Abbott's strategic acquisitions and focus on emerging markets have bolstered its financial stability, allowing it to maintain and increase dividends even during economic downturns. The article highlights that this combination of innovation, diversification, and a shareholder-friendly approach makes Abbott Labs a dream for investors looking for reliable dividend growth.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/how-abbott-labs-became-a-dividend-growth-investor-s-dream/ar-AA1vXs2y ]