AbbVie (NYSE:ABBV) Board Awards First Quarterly Dividend of $0.40 Per Share

AbbVie Inc (NYSE:ABBV), a global biopharmaceutical corporation, reported on Friday that its board of directors declared the Company’s first quarterly cash dividend of $0.40 a share.

The North Chicago, Illinois based company announced that the cash dividend is payable Feb 15, 2013 to stockholders of book at the finish of business on Jan 15, 2013.

AbbVie started trading on the New York Stock Exchange on Jan 2, 2013 under the symbol ABBV and was also added to the S&P 500 Index.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Abbott Laboratories (NYSE:ABT) fell -0.60% to settle at $33.07, Horizon Pharma Inc (NASDAQ:HZNP) moved up +9.13% to end at $2.63 while Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) jumped +4.11% to finish at $6.84 on Friday.

AbbVie Inc (NYSE:ABBV) last session’s volume of 21.37 million shares was higher than its average volume of 3.83 million shares. The stock after opening at $34.62 hit high price of $34.89 and then closed at $34.39 by scoring -1.26%.

ABBV generated revenue of $18.04 billion in the previous twelve months.

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