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Daily Dividend Report: ABT, COP, GLW, HCSG, ECF Wednesday, July 15, 6:04 PM ET
Abbott Labs (NYSE:ABT) announced their quarterly dividend of $0.40 per share today. This amounts to a eleven percent increase when compared to the same quarter last year. With the dividend announcement, the company reported earnings that were in-line with analysts expectations of $0.83 per share.
The good dividend news was not enough to offset the vanilla earnings, as shares of Abbott Labs fell by more than three percent in afternoon trading.
In other dividend news, oil and gas producer Conocophillips (NYSE:COP) maintained its quarterly dividend of 47 cents per share. Corning (NYSE:GLW) maintained its quarterly dividend of 5 cents per share.
Among dividend increases, facility maintenance company Healthcare Services Group (NASDAQ:HCSG) announced its quarterly dividend of 19 cents per share, an increase of about 6% over its prior dividend in April of 18 cents.
Among dividend reductions, Ellsworth Growth & Income Fund (AMEX:ECF) announced its quarterly dividend of 6.5 cents per share, a decrease of about 13% over its prior dividend in May of 7.5 cents.
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