AbbVie (NYSE: ABBV) -3 Inexpensive Stocks that distribute Profitable Dividends- Part 1

  AbbVie (NYSE: ABBV) - 3 Inexpensive Stocks that distribute Profitable Dividends- Part 1 Income-seeking investors love stocks that pay out large dividends and have attractive valuations. Following companies that distribute profitable dividends every quarter, investors sometimes show interest in dividend stocks with attractive valuations. Some of these stocks can be surprisingly cheap. Here are 3 cheap dividend stocks to choose from - AbbVie (NYSE:ABBV) - Bristol Myers Squibb (NYSE:BMY) - Viatris (NASDAQ:VTRS)

1- AbbVie (NYSE:ABBV):

AbbVie, arguably one of the best dividend stocks in the market, generates about 5 % return on dividends. The company, which is a pharmaceutical manufacturer, has a history of nearly 50 years, continues to distribute dividends increasingly every year. For this reason, it is known as the "Dividend King" in the market. Stocks are quite cheap at the moment compared to other colleagues, making them attractive to investors.

Why is AbbVie so popular?

Many investors think that Humira will lose its  exclusivity in the US by 2023. The company sells antipsychotic drugs, including the new autoimmune disease drugs Rinvoq and Skyrizi, and the blood cancer drugs Imbruvica, Venclexta and Vraylar. Although the company is thought to decrease its revenue in 2023, it is predicted that it will recover and grow steadily in the following year. AbbVie (NYSE: ABBV) -3 Inexpensive Stocks that distribute Profitable Dividends- Part 1  

Source: The Motley Fool

 

You may also be interrested in:

 

US President Biden Is Preparing For New A Package