Over the past 10 years, AbbVie stock has shown remarkable growth and stability. With a compound annual growth rate (CAGR) of 13.5%, the stock has outperformed the market average.
From 2013 to 2023, AbbVie's revenue grew from $46.5 billion to $69.5 billion, a 49.6% increase. This significant growth can be attributed to the company's successful acquisition of Botox maker Allergan in 2020.
AbbVie's stock price has also seen a steady rise, increasing from $35.41 in 2013 to $145.11 in 2023, a 309.6% growth. This impressive performance has made AbbVie a top choice for investors seeking long-term growth.
Worth a look: Abbvie Stock Drop
10 Year Price Charts for ABBV Stock
The 10 year price chart for ABBV stock is a remarkable story of growth. ABBV stock surged by 313% over the past decade, climbing from $56.68 to $233.91.
This impressive growth translates to a compound annual growth rate (CAGR) of 15.23%.
Dividend Payments and Yield for ABBV & LLY
ABBV's most recent dividend is $1.64, yielding 2.8%, while its initial dividend was $1.55. The company has paid a total of $10,325 in dividends over the past 10 years, resulting in a dividend CAGR of 12.39%.
The dividend yield for LLY is significantly lower, at 0.71%, with the latest dividend being $1.50. Over the same 10-year period, LLY has paid a cumulative total of $4,438 in dividends, reflecting a dividend CAGR of 11.61%.
Here's a comparison of the two companies' dividend payments and yields:
Note that these figures demonstrate the potential for long-term dividend growth, but actual returns may vary.
Investing $10,000 in ABBV Stock
If you invest $10,000 in ABBV today, you can expect a share price compound annual growth rate (CAGR) of 15.23% over the next 10 years.
This means that your initial investment could grow to a final value of $46,011, assuming dividends are continuously reinvested (DRIP).
ABBV's dividend CAGR is 12.39%, resulting in $5,846 in total dividends over the 10-year period.
Here's a breakdown of the estimated future performance of your $10,000 investment:
Remember, these are just estimates and actual returns may vary.
Featured Images: pexels.com
