Own 152 AbbVie shares for $1,000 yearly dividends

Investors looking at AbbVie may be curious about how to earn $1,000 a year from dividends. To find this out, some simple calculations can help. Currently, AbbVie shares are priced around $212 each. The annual dividend per share is $6.56. To figure out how many shares you need to earn $1,000, divide $1,000 by $6.56. This means you would need to buy about 152 shares. Overall, that would cost around $32,224. However, this investment amount might be a lot for many people. Investing heavily in one stock can be risky. It's a good idea to consider diversifying your investments with other promising dividend stocks. AbbVie is considered a strong investment option. The company became separate from Abbott Laboratories in 2013 and is valued at about $380 billion. They develop various treatments in fields like immunology and oncology. The recent interest in their new weight loss drugs adds excitement, and their dividend yield is currently 3.1%, growing at an average 7% each year over the past five years. On the downside, some investors are concerned about potential revenue losses as patent protections for popular drugs like Humira expire. Nonetheless, AbbVie does have several new drugs performing well in the market.