Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Those all have significant growth opportunities ahead of them on the AbbVie side. This article first appeared on Dividends & Income. AbbVie has done well to position itself for the future, and the stock price should remain relatively strong through the coronavirus crisis, especially considering its price-to-earnings ratio of 15.1 versus the industry average P/E of 29.7. We intend to reduce debt levels by [$15 billion to] $18 billion by the end of 2021, with further deleveraging through 2023.". AbbVie has done well to position itself for the future, and the stock price should remain relatively strong through the coronavirus crisis, especially considering its price-to-earnings ratio of 15.1 versus the industry average P/E of 29.7. Net revenue of $33.3 billion increased 9.9% operationally year over year. This can have a huge burden on cash flow which in turn may affect the cash left over to pay a dividend. This is a product that is about an $850 million product. ABBV's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! The new AbbVie is expected to generate 40% of revenue from Humira and 60% from growth opportunities made possible by the integration of the two companies. Regarding dividend safety, AbbVie said in a company announcement regarding the Allergan acquisition: "The combined company will produce robust cash … This is a very synergistic combination. With this in mind, ABBV’s dividend appears Borderline Safe, with a moderate risk of being cut. ABBV’s long-term dividend and fundamental data charts can all be seen by clicking here. Stock Advisor launched in February of 2002. Spun off from Abbott Laboratories (NYSE:ABT) in 2013, AbbVie has grown annual revenue from $18.8 billion that year to $33.3 billion in 2019. This is a very synergistic combination. AbbVie also reported adjusted earnings per share of $8.94, reflecting 13% year-over-year growth and beating the company's initial guidance midpoint by $0.24. David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Allergan wasn't one of them! That bodes well for the dividend, which has steadily grown since the inception of the company. Courtesy AbbVie. Today, AbbVie focuses on one main business segment—pharmaceuticals. AbbVie Inc (Symbol: ABBV) has been named to the Dividend Channel ''S.A.F.E. When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Dividend Safety Score: 86 Dividend Yield: 4.5% Dividend Growth Streak: 24 years Realty Income Corp (NYSE: O) is a real estate investment trust (REIT) that … Interest coverage is probably one of the most important metrics that I use. Humira's versatility comes from its ability to block that inflammatory process, a central mechanism in autoimmune disease. The dividend is safe, and the Allergan acquisition should make it safer. AbbVie Inc. (NYSE: ABBV) is a healthcare giant with a focus on pharmaceuticals.Its most important individual product is Humira, a multi-purpose pharmaceutical that was the top-selling drug in … Guidance for 2020 reflects growth of 8.1% at the midpoint, with an EPS forecast between $9.61 and $9.71. Learn more about Dividend Safety Scores here. The Motley Fool has no position in any of the stocks mentioned. This rating is reserved for companies with strong balance sheets and/or excellent dividend histories. ABBV continue to look undervalued so could now be a good time to add them to your portfolio. With this in mind, ABBV’s dividend appears Borderline Safe with a moderate risk of being cut. AbbVie Inc. (ABBV) is a dividend aristocrat paying over 25+ years of dividend. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. A lot is riding on the finalization of the Allergan deal, but the likelihood of its going through is high at this point because all requirements have been met. How Safe Is AbbVie Stock and Its Dividend? Regarding the acquisition, AbbVie CEO Richard Gonzalez said: You look at [the drugs] Skyrizi, Rinvoq, Venclexta, Imbruvica. AbbVie (NYSE:ABBV) declares $1.30/share quarterly dividend, 10.2% increase from prior dividend of $1.18.Forward yield 6.45%Payable Feb. I think the last numbers I saw showed it was growing about 70%. Dividend Safety Grade: C A grade indicates an extremely low probability of a dividend cut. This is a product that is about an $850 million product. The deal is expected to close in May. In fact, I think AbbVie is a buy at these levels, with an upside expected shortly after the Allergan deal closes. In analyzing dividend safety, Reality Shares uses seven factors. Instead, dividends are reduced when … Like mutinous pirates, autoimmune disease causes your body's immune system to attack your own healthy cells by mistake. H & R Block Inc (NYSE: HRB ): This tax preparation company's dividend … I think the last numbers I saw showed it was growing about 70%. Allergan also has a big presence in the growing aesthetics sector thanks to its ownership of Botox and CoolSculpting. Simply Safe Dividends (SSD) awards a safety score of 50 out of 100 points, a grade that it calls “borderline safe.” SSD lowered ABBV’s safety score in 2019 from 61 (“safe”) to 50 (“borderline safe”) upon the announcement of AbbVie’s intent to acquire Allergan in an $80 billion deal. The multipurpose drug Humira has been the main engine behind this growth; in fact, it's now the top-selling drug in the world. It focuses on a few key treatment areas, including … Find the latest dividend history for AbbVie Inc. Common Stock (ABBV) at Nasdaq.com. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Anne Burdakin owns shares of AbbVie. Regarding dividend safety, AbbVie said in a company announcement regarding the Allergan acquisition: "The combined company will produce robust cash flow which will support continued growth of our dividend, further investment in our pipeline, and reduction of debt. Dividend Safety Rating: B It has a $130 billion market capitalization, and sells its products in more than 170 countries across the world. ABBV, AbbVie Inc - Stock quote performance, technical chart analysis, SmartSelect Ratings, Group Leaders and the latest company headlines AbbVie began trading as an independent company in 2013, after it was spun off from fellow pharmaceutical Dividend Aristocrat, Abbott Laboratories (ABT). We ran the stock through Simply Safe Dividends, and as we go to press, its Dividend Safety Score is 50. Dividend Safety Scores range from 0 to 100. Those all have significant growth opportunities ahead of them on the AbbVie side. Recent market volatility has unfairly whipsawed many stocks that are usually considered steady eddies, and the effects have been even stronger for specific sectors and speculative stocks. Pharmaceutical maker AbbVie (NYSE:ABBV) has been caught in the downdraft, down 7% since the beginning of the year. P.P.S. Regarding dividend safety, AbbVie said in a company announcement regarding the Allergan acquisition: "The combined company will produce robust cash … Is AbbVie's Dividend Safe? It's been a brutal year for dividend aristocrat AbbVie (ABBV), which has seen its share price plunge more than 30% from its all-time high. We intend to reduce debt levels by [$15 billion to] $18 billion by the end of 2021, with further deleveraging through 2023.". The company pays a juicy 5.9% dividend. I think Abbvie will deliver very nice returns for investors. AbbVie Inc. (ABBV) Dividend Safety metrics. As a result, the stock's yield is now at a record high of 5.2%, and shares trade at just 9.9 times forward earnings. Management expects to see revenue growth for 2020 approaching 8% on an operational basis. Show full articles without "Continue Reading" button for {0} hours. While that’s a short track record, the pre-split legacy dividend growth track record dated back d… Cumulative Growth of a $10,000 Investment in Stock Advisor, How Safe Are AbbVie Stock and Its Dividend? Still, with a massive drug that will continue to earn profits for years to come, backed by a solid pipeline of new products, AbbVie is positioned to make a lot of money and return a lot of cash flow back to their shareholders. After issuing shares to help finance the cash-and-stock deal, AbbVie's annual dividend commitment, using its current payout of $4.28 per share, will rise to about $7.5 billion. ABBV dividend safety – Is the dividend safe? Once it gets its hands on an additional $5 billion per year in cash flow, don’t be surprised if the payout sharply increases or if AbbVie pays a special dividend. B grade indicates a very low probability for a dividend cut. Net revenue of $33.3 billion increased 9.9% operationally year over year. Learn more about Dividend Safety Scores here. Humira and other products already on the market helped the company generate $9.4 billion in free cash flow last year, which was a lot more than the company needed to make dividend … Market value: $124.0 billion. That said, some stocks were wildly overvalued when the market was hitting new highs not so long ago, and were ready for a correction. Any part of your body can be mistakenly attacked, resulting in conditions like lupus, Crohn's disease, rheumatoid arthritis, chronic plaque psoriasis, and other illnesses. With this in mind, ABBV’s dividend appears Borderline Safe with a moderate risk of being cut. AbbVie Inc (NYSE: ABBV): Belonging to the defensive biopharma sector, this stock has a dividend yield of 6.3%. AbbVie Dividend Safety Score. A score of 50 is average, 75 or higher is excellent, and 25 or lower is weak. AbbVie reported strong 2019 year-end results on Feb. 7. AbbVie's Dividend Safety Score Downgraded to Borderline Safe The good news is the new AbbVie's dividend will remain comfortably covered by the firm's free cash flow. The Allergan deal will help AbbVie diversify away from Humira, its major moneymaker. This article will look at a few key metrics along with future growth prospects to determine ABBV dividend safety. Such elective procedures are being canceled or postponed during the coronavirus crisis, but the aesthetics sector should bounce back after the pandemic has passed. The deal is expected to close in May. The company received a Dividend Safety Score of 78, which is excellent and places it in the top quartile of dividend-paying stocks. Market data powered by FactSet and Web Financial Group. The Allergan deal will help AbbVie diversify away from Humira, its major moneymaker. @themotleyfool #stocks $AGN $ABBV $ABT, 3 Stocks to Buy With Dividends Yielding More Than 4%, Coronavirus Stimulus Checks: Top Stocks To Buy Now, 2 High-Yielding Dividend Stocks to Buy if the Market Crashes Again, Copyright, Trademark and Patent Information. AbbVie also reported adjusted earnings per share of $8.94, reflecting 13% year-over-year growth and beating the company's initial guidance midpoint by $0.24. But AbbVie has more going for it. AbbVie is a global pharmaceutical giant. Any part of your body can be mistakenly attacked, resulting in conditions like lupus, Crohn's disease, rheumatoid arthritis, chronic plaque psoriasis, and other illnesses. Guidance for 2020 reflects growth of 8.1% at the midpoint, with an EPS forecast between $9.61 and $9.71. And then you look at the Allergan side, you have Vraylar. This was possible due to a combination of strong earnings-per-share growth and an increase in AbbVie’s dividend payout ratio. A lot is riding on the finalization of the Allergan deal, but the likelihood of its going through is high at this point because all requirements have been met. AbbVie will issue 2020 pro forma guidance following the close of the planned Allergan acquisition. AbbVie looks like a safe stock to own. Management expects to see revenue growth for 2020 approaching 8% on an operational basis. Dividend.com: The #1 Source For Dividend Investing. In 2019, a deal was struck for AbbVie to acquire Allergan (NYSE:AGN), expanding the reach and scope of the company. Allergan also has a big presence in the growing aesthetics sector thanks to its ownership of Botox and CoolSculpting. AbbVie will issue 2020 pro forma guidance following the close of the planned Allergan acquisition. Humira is a pretty big blockbuster, and the reason is its ability to block the body's inflammatory process. In the U.S., Humira is still growing, but in Europe, sales are dropping as cheaper options become available. AbbVie started to pay dividends in 2013, and since then, the payout has risen quickly. The Motley Fool has a disclosure policy. Debt is an important metric for ABBV dividend safety. 25'' list, signifying a stock with above-average ''DividendRank'' statistics … A high-level overview of AbbVie Inc. (ABBV) stock. They include earnings growth over the previous 12 months, a company’s dividend actions over … Spun off from Abbott Laboratories (NYSE: ABT) in 2013, AbbVie has grown annual revenue from $18.8 billion that year to $33.3 billion in 2019. Humira's versatility comes from its ability to block that inflammatory process, a central mechanism in autoimmune disease. Regarding the acquisition, AbbVie CEO Richard Gonzalez said: You look at [the drugs] Skyrizi, Rinvoq, Venclexta, Imbruvica. Dividend Safety Scores range from 0 to 100. Find more details information on this page. Such elective procedures are being canceled or postponed during the coronavirus crisis, but the aesthetics sector should bounce back after the pandemic has passed. I think the dividend is safe for the short term even without the Allergan deal, but its conclusion will secure the payout for the long run. I think the dividend is safe for the short term even without the Allergan deal, but its conclusion will secure the payout for the long run. That's right -- they think these 10 stocks are even better buys. AbbVie reported strong 2019 year-end results on Feb. 7. Payout ratio calculation and chart. Like mutinous pirates, autoimmune disease causes your body's immune system to attack your own healthy cells by mistake. A score of 50 is average, 75 or higher is excellent, and 25 or lower is weak. Strong growth came from Imbruvica, which grossed sales of $4.7 billion, up 30% from the previous year. *Stock Advisor returns as of March 18, 2020, Like us on Facebook to see similar stories, Authorities on high alert as pro-Trump supporters flood DC to protest election, Dozens of Hong Kong pro-democracy figures, including U.S. lawyer, arrested. The multipurpose drug Humira has been the main engine behind this growth; in fact, it's now the top-selling drug in the world. Dividend yield: 5.6%. Recent market volatility has unfairly whipsawed many stocks that are usually considered steady eddies, and the effects have been even stronger for specific sectors and speculative stocks. Strong growth came from Imbruvica, which grossed sales of $4.7 billion, up 30% from the previous year. In the U.S., Humira is still growing, but in Europe, sales are dropping as cheaper options become available. Which category does AbbVie fall into, and is the dividend safe? Dividend Safety Scores range from 0 to 100. AbbVie's management expects several financial benefits from the merger, including an immediate 10% increase to earnings per share over the first full year of the combination, cost reductions of at least $2 billion by year three, and operating cash flow estimated at $19 billion. But AbbVie has more going for it. The company has increased its dividend for seven consecutive years, which goes back to the spin-off. Which category does AbbVie fall into, and is the dividend safe? AbbVie does not have a very long dividend growth track record on its own, but we believe that its dividend looks relatively safe. I think Abbvie will deliver very nice returns for investors. The company pays a juicy 5.9% dividend. Humira is a pretty big blockbuster, and the reason is its ability to block the body's inflammatory process. Regarding dividend safety, AbbVie said in a company announcement regarding the Allergan acquisition: "The combined company will produce robust cash flow which will support continued growth of our dividend, further investment in our pipeline, and reduction of debt. A score of 50 is average, 75 or higher is excellent, and 25 or lower is weak. Pharmaceutical maker AbbVie (NYSE: ABBV) has been caught in the downdraft, down 7% since the beginning of the year. AbbVie’s free cash flow payout ratio over the last 12 months is a healthy 49%, which is roughly in line with the company’s payout ratios realized since it was spun off in 2013. AbbVie’s Dividend Safety Relative to Recession Performance Companies do not cut their dividends in the good times. The new AbbVie is expected to generate 40% of revenue from Humira and 60% from growth opportunities made possible by the integration of the two companies. The more debt a company has than the greater the amount of interest they have to pay. And then you look at the Allergan side, you have Vraylar. It already faces biosimilar competition in Europe, and will lose U.S. patent protection in 2023. It already faces biosimilar competition in Europe, and will lose U.S. patent protection in 2023. That said, some stocks were wildly overvalued when the market was hitting new highs not so long ago, and were ready for a correction. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. AbbVie's management expects several financial benefits from the merger, including an immediate 10% increase to earnings per share over the first full year of the combination, cost reductions of at least $2 billion by year three, and operating cash flow estimated at $19 billion. In fact, I think AbbVie is a buy at these levels, with an upside expected shortly after the Allergan deal closes. 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