Published February 19, 2015 12:46pm EST | Updated May 21, 2015 1:29pm EDT

AbbVie Raises Quarterly Dividend To 51 Cents a Share From 49 Cents

AbbVie Inc. said Thursday it is raising its quarterly dividend by 4% to 51 cents a share from 49 cents. The new dividend will be payable May 15 to shareholders of record as of close of business April 15. Shares were down 0.7%, but are down 10.2% in last three months, while the S&P 500 has gained about 2.5%.