Why Wall Street Can't Get Enough of This Dividend King

AbbVie, a pharmaceutical company spun off from Abbott in 2013, maintains Dividend King status with an attractive 2.7% yield well above industry averages. Despite a high earnings payout ratio of 330%, the company's cash flow-based payout ratio of 60% indicates a sustainable dividend. AbbVie's strong portfolio includes blockbuster drugs like Botox and newer immunology treatments (Skyrizi and Rinvoq) that offset patent expirations. The company's recent $11 billion acquisition of Apogee further strengthens its pipeline in inflammatory and immunological diseases.