Today I added a new position: ABBV. They didn't show up on my screener because some spin-off activity made it look like their div history is much shorter than it actually is (44 years). When I read about them I started looking closer and liked what I saw: good P/E good div history and growth, and good payout ratio. I had a few other options -- adding to TGT that is getting hammered in the market, or adding to O, NHI or HCP. However I want to diversify a bit more, so ABBV it is.
I only deployed earnings from past dividend payouts. No new cash. I'm tempted to sell QCP if they don't announce dividends but I'm going to be patient for another month or so.
ABBV will add $ 48.64 to my annual dividend.
