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abbv dividend safety score

Like all pharmaceutical companies, ABBV is faced with competition … This is a key point of controversy surrounding the stock. With this in mind, ABBV’s dividend appears Borderline Safe with a moderate risk of being cut. By comparing companies’ Dividend Scores, you can easier select quality dividend stocks and improve your chances of generating dividend income and preserving capital in the long run. Most dividend aristocrats possess the characters we desire when searching for safe dividend stocks. This rating is reserved for companies with strong balance sheets and/or excellent dividend histories. The bigger challenge, however, is AbbVie’s profit drivers. Years of research and development spending has already been realized, so the company gets to enjoy healthy profits. General Electric: Another Dividend Cut Expected in 12 to 18 Months simplysafedividends.com/general-electr… #dividend, Roper Technologies (ROP) simplysafedividends.com/roper-technolo… #dividend. The drugmaker owns the largest-selling drug in the world – Humira, which brought in $19.9 billion in revenue last year. The bigger risk to sales cyclicality is patent expirations of major drugs such as Humira. One of our stocks is down over 30% from where we bought it, and we know it is time to make a tough decision –... High dividend stocks are popular holdings in retirement portfolios. Dividend Safety Grade: C. A grade indicates an extremely low probability of a dividend cut. The branded pharmaceuticals industry has extremely high barriers to entry and offers potential for juicy profit margins – AbbVie generated a 33% operating margin last year and targets a 50% margin by 2020. Our Safety Score answers the question, “Is the current dividend … AbbVie needs to develop new drugs that can eventually replace those sales or else it could see a steep revenue decline that could endanger the dividend. Great review. Try Simply Safe Dividends FREE for 14 days. Clorox or Coca-Cola), it’s a risk in AbbVie’s market of branded pharmaceutical drugs and makes the stock less desirable for our Top 20 Dividend Stocks portfolio. As a relatively new spin-off (2013), the company has a much shorter dividend growth track record than traditional aristocrats. Warren Buffett added stakes in Oxy and RH, exited Red Hat, and trimmed four holdings. The key issue is how long the company’s Humira drug can profit in the U.S. before biosimilar competition emerges. Glad to hear the article provided some clarity for you. AbbVie's Dividend Safety Score Downgraded to Borderline Safe Following Large Deal to Buy Allergan. Business model and growth perspective. Also, some of my stock have no dividend scoring available anymore. AbbVie’s free cash flow payout ratio over the last 12 months is a healthy 49%, which is roughly in line with the company’s payout ratios realized since it was spun off in 2013. Dividend Safety Score Our Safety Score answers the question, “Is the current dividend payment safe?” AbbVie’s management team expects the company to reach $37 billion in sales by 2020, which would represent more than a 60% increase from 2015’s revenue level. The company last increased its dividend by 12% in October 2015 and is included on the dividend aristocrats list despite being spun off at the start of 2013, when it continued its dividend growth streak as an independent business. AbbVie’s composition of matter patents for Humira expire in the U.S. and Europe in December 2016 and October 2018, respectively. AbbVie Dividend Safety Score. As we mentioned earlier, pharma manufacturers generate excellent free cash flow when they successfully commercial a major drug. Privacy Policy | Terms of Service | AbbVie’s free cash flow payout ratio over the last 12 months is a healthy 49%, which is roughly in line with the company’s payout ratios realized since it was spun off in 2013. AbbVie (NYSE: ABBV) gets a lot of attention these days, and most of it is not positive.. Of this total, roughly half of total sales would come from the company’s arthritis drug Humira, and another 13.5% would come from sales of leukemia drug Imbruvica. These patents covers area such as manufacturing and formulation and do not begin to expire until 2022. The company obviously hopes to use these patents to litigate against new biosimilar competition for Humira, and it was successful earlier this year in defending against a patent review case filed by Amgen last year. AbbVie’s Dividend Growth score of 89 is excellent. Thanks for this great analysis of ABBV. Both AbbVie and Allergan had seen their stock prices languish in recent years as investors worried about each firm's future growth potential. As growth continues, operating margins are expected to expand by 100-200 basis points per year to drive double-digit earnings growth. ABBV’s long-term dividend and fundamental data charts can all be seen by clicking here. ABBV’s long-term dividend and fundamental data charts can all be seen by clicking here. Sales of Humira accounted for over 60% of sales last year and are expected to represent nearly 50% of revenue by 2020 as well. However, the stock’s safe 4.1% dividend yield, relatively cheap forward earnings multiple of 11.1, and above-average earnings growth prospects over the next few years make it worth a closer look. Abbott Laboratories, which spun off AbbVie, has a dividend growth streak of more than 40 consecutive years and is the reason why AbbVie is considered a dividend aristocrat. Given AbbVie’s strong outlook over the … Investing in Real Estate Investment Trusts (REITs) can provide dividend investors with high yields, steadily growing payouts, nice... We have all been there. Dividend Safety Grade: B. If successful, AbbVie believes it can maintain strong profitability in the U.S. through 2022, but there is plenty of skepticism surrounding the matter. Major pharma players invest billions of dollars and years of time in research and development to commercialize breakthrough drugs. We look at factors such as current and … Johnson & Johnson is a great example. As of today (2021-01-02), the Dividend Yield % of AbbVie is 4.41%.. During the past 11 years, the highest Trailing Annual Dividend Yield of AbbVie was 6.38%.The lowest was 0.85%.And the median was 3.37%.. AbbVie's Dividends per Share for the months ended in Sep. 2020 was $1.18.. During the past 12 months, AbbVie's average Dividends Per Share Growth Rate was 10.60% per year. The company pays a juicy 5.9% dividend. If new drugs have not been successful in the pipeline, earnings can erode very quickly. The company’s success will hinge on the success of its drug pipeline and its ability to protect cash flows from Humira for as long as possible from biosimilar competitors. For the time being, AbbVie’s dividend payment is extremely safe. Dominion made its dividend cut official this week, reducing its fourth-quarter payout by 33% after closing a deal to sell its natural... AltaGas's Falling Leverage Supports Dividend But Firm Will Evaluate Splitting Off Midstream Business. For these reasons, we generally prefer to invest elsewhere in the market. Glad you found the article useful. Given AbbVie’s strong outlook over the next few years for continued growth, we think its payout ratio is very healthy for the time being. A low score does not mean there will be a dividend cut but it gives me a warning signal to suggest that ABBV dividend safety could be at risk. For example, during one week in October 2015, AbbVie’s stock fell by more than 10% after the FDA warned that AbbVie’s Viekira treatment caused liver injury to a small number of patients. At first glance, the company’s $31.7 billion debt burden, largely resulting from AbbVie’s $21 billion acquisition of Pharmacyclics in 2015, does raise some eyebrows. Simply Safe Dividends (SSD) awards a safety score of 50 out of 100 points, a grade that it calls “borderline safe.” SSD lowered ABBV’s safety score in 2019 from 61 (“safe”) to 50 (“borderline safe”) upon the announcement of AbbVie’s intent to acquire Allergan in an $80 billion deal. AbbVie Inc.'s () treated shareholders to some hefty dividend bumps since its inception five years ago, but a 35% raise announced in February was the biggest yet. Like all pharmaceutical companies, ABBV is faced with competition … This dividend growth rate is below the 10.6% used in this analysis, thus providing a large margin of safety. C grade indicates a low probability for a dividend cut and/or average safety risk. A grade indicates an extremely low probability of a dividend cut. We will re-evaluate AbbVie’s dividend growth potential as that time draws nearer. He graduated from the University of Illinois with a B.S. AbbVie Dividend Safety Score. The Dividend Kings Safety Model Is based on 58 safety metrics (up from 55 in the last ABBV video). AbbVie was spun off by Abbott Laboratories in 2013. We don’t have data that goes back to the last recession, but pharma companies are generally recession-resistant because consumers still need to treat their illnesses regardless of how the economy is doing. I have been considering whether I should sell my holdings in ABBV and this article has given me a lot to consider. Based in North Chicago, AbbVie (ABBV) is in the Medical sector, and so far this year, shares have seen a price change of -29.01%. In AbbVie’s case, over half of its business is concentrated in one product. High dividend payments are great, and rising dividend payments are better, but dividend cuts are the worst.. Not only are your dividend payments reduced, but also stock values fall well ahead of the dividend cut, and often fall even further immediately following the announcement. For the time being, AbbVie’s dividend payment is extremely safe. mounting political pressure to lower drug prices, our May 2019 note reviewing AbbVie's underperformance, Try Simply Safe Dividends FREE for 14 days. Unfortunately, we don’t have an edge when it comes to analyzing this risk, nor do we have a comfortable method of evaluating AbbVie’s large pipeline of new drugs that will launch over the next five years. There are certainly more factors to consider with ABBV than most of the other dividend aristocrats. Last September, JPMorgan Chase, which yields 3.1%, boosted its quarterly dividend to 80 cents a share from 56 cents. With its European patent set to expire in 2018 as well, growth in international markets could also slow. If Humira’s revenue unexpectedly shrinks over the next five years, the balance sheet could become strained. A stock’s Dividend Safety Score represents its safety rank relative to all of the other dividend-paying stocks in the market. Our Growth Score answers the question, “How fast is the dividend likely to grow?” It considers many of the same fundamental factors as the Safety Score but places more weight on growth-centric metrics like sales and earnings growth and payout ratios. Best of luck with your decision, and thanks for commenting! However, Evercore ISI’s analyst Mark Schoenebaum estimated that AbbVie’s 2020 guidance for sales and margins implies adjusted earnings per share of approximately $8.80. While management believes Humira sales can exceed $18 billion in 2020, some analysts see Humira revenue coming up at least 30% short of management’s ambitions. A score of 50 is average, 75 or higher is excellent, and 25 or lower is weak. Copyright Notice | Living off dividends in retirement is a dream shared by many but achieved by few. Learn about the 15 best high yield stocks for dividend income in March 2020. Pfizer announced on Monday its COVID-19 vaccine candidate was found to be more than 90% effective, and no serious safety concerns had... Dominion's Lower Dividend and New Business Mix Improve Safety Profile; We Plan to Hold Our Shares. While the success rate is low, a successful drug can generate billions in profits that are protected for many years as a result of the intellectual property owned by the manufacturer. After issuing shares to help finance the cash-and-stock deal, AbbVie's annual dividend commitment, using its current payout of $4.28 per share, will rise to about $7.5 billion. AbbVie Inc. (ABBV) Dividend Scorecard | Seeking Alpha ABBV - AbbVie Inc. 105.55 0.84 (0.81%) Management expects margins to hit 50% by 2020, highlighting the extreme profitability enjoyed by pharma companies. In addition to its healthy payout ratio, AbbVie has generated sales growth in each of the last five years. The good news is the new AbbVie's dividend will remain comfortably covered by the firm's free cash flow. The Smart Dividend Safety Score shows early warning signs of a dividend cut, before it happens. AbbVie’s forecast assumes that biosimilar versions of Humira will stay out of the U.S. until 2022, whereas some analysts see competition emerging in 2019. B grade indicates a very low probability for a dividend cut. AbbVie (ABBV) announced plans to acquire Allergan (ANG) in a deal valued at more than $80 billion, including assumed debt. Dividend aristocrats are S&P 500 companies that have raised their dividends for 25+ years. Dividend Safety Scores range from 0 to 100. ABBV’s stock trades at 11.1x forward earnings estimates and has a dividend yield of 4.1%. While this can work for some companies that have powerful brands (e.g. Standard & Poor’s and Morningstar have given the company A and A- credit ratings, respectively. This dividend growth rate is below the 12.8% used in this analysis, thus providing a large margin of safety. June 26, 2019. We prefer to invest in pharmaceuticals that have diversified streams of income from their drugs. While pharmaceuticals drive over half of the company’s profits, it is well diversified by drug and gets reliable cash flows from its consumer products and medical devices segments. Scores of 50 are average, 75 or higher is very good, and 25 or lower is considered weak. Dividend Risk Score: C Retirement Suitability Score: B Last Dividend Increase: 10.3% Overview & Current Events AbbVie is a biotechnology company focused on developing and commercializing drugs for immunology, oncology and virology. He applied a 16x P/E ratio to his estimate of 2020 earnings and discounted it back to 2015 using a 9% discount rate. However, AbbVie could cover all of its debt using the $8.4 billion it has in cash and about 3.1 years’ worth of earnings before interest and taxes (EBIT), which is reasonably healthy. As seen below, AbbVie’s primary markets combine to reach nearly $200 billion in size, providing the company with many different opportunities for growth. My scoring system is as follows: Based on the quick analysis above ABBV scored a total of 82 out of 100 which … However, dividend investors must be willing to accept the higher uncertainty surrounding the company’s cash flows beyond 2020. Scores of 50 are average, 75 or higher is very good, and 25 or lower is considered weak. Dividend Risk Score: A Retirement Suitability Score: A Last Dividend Increase: 10.3% Overview & Current Events AbbVie is a biotechnology company focused on developing and commercializing drugs for immunology, oncology and virology. The stock's 5.4% dividend yield is also at an all-time high, causing some investors to worry that AbbVie's dividend might no longer be safe. Few businesses can generate operating margins in the teens, much less in the 30% range like AbbVie has done. Dividend Safety Scores range from 0 to 100. A score of 50 is average, 75 or higher is excellent, and 25 or lower is weak. Pfizer's COVID-19 Vaccine Shows Promise; Spin-off to Execute November 13 With Dividend Adjustment Next Quarter. The company has a healthy payout ratio, generates plenty of free cash flow, and is enjoying double-digit earnings growth. ABBV has a risk rating of 1.75 which classifies it as a Medium risk stock. As patents expire, lower-cost competition emerges with knock-offs that quickly erode sales and margins. Dividend Safety Score: 75 Dividend Yield: 5.21% Dividend Growth Streak: 17 years It’s up to management now to deliver on the pipeline and offset any drop in Humira when the time comes. The main wild card impacting future dividend growth beyond the next few years is the rise of Humira competition, which could come as early as 2019 or as late as 2022. This rating is reserved for companies with strong balance sheets and/or excellent dividend histories. AbbVie was spun off from Abbott Laboratories on January 1, 2013, as a standalone biopharmaceutical company. Dividend.com: The #1 Source For Dividend Investing. See data and research on the full dividend aristocrats list. A sustainable business model is essential to maintain future dividends and dividend … Have an order in to buy but have to admit that I have future concerns about Humira. We believe AbbVie will continue recording at least a high-single dividend growth rate for the next few years. Our Dividend Safety Score analyzes 25+ years of dividend data and 10+ years of fundamental data to answer the question, “Is the current dividend payment safe?” We look at factors such as current and historical EPS and free cash flow payout ratios, debt levels, free cash flow generation, industry cyclicality, profitability trends, and more. Overall, AbbVie’s dividend looks very safe at the moment. The company received a Dividend Safety Score of 78, which is excellent and places it in the top quartile of dividend-paying stocks. However, the trajectory that Humira’s revenue takes beyond the next few years, coupled with developments in AbbVie’s drug pipeline, will significantly impact the safety of the dividend from 2020 and beyond. You're reading an article by Simply Safe Dividends, the makers of online portfolio tools for dividend investors. Still several years away it seems. AbbVie (ABBV) is one of the more controversial dividend aristocrats for several reasons. Interpreting Dividend Safety Scores Dividend Safety Scores range from 0 to 100. The company received a Dividend Safety Score of 78, which is excellent and places it in the top quartile of dividend-paying stocks. The difference of just a few years could really make or break the stock’s performance over the coming years. AbbVie Dividend Safety: 74% = 4/5 Above-Average. ABBV's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! AbbVie Inc (NYSE: ABBV) is a research-driven biopharmaceutical company that was spun off from Abbott Laboratories (NYSE: ABT) in 2013. With that said, AbbVie has increased its dividend by 42% since 2013 with increases each year. They have entrenched market positions, compete in slow-changing industries, and generate cash flow from many different products and industries. A score of 50 is average, 75 or higher is excellent, and 25 or lower is weak. With expectations for double-digit earnings growth through 2020, AbbVie’s total return potential certainly looks attractive at first glance. The seemingly low expectations attached to the stock are a reflection of investors’ concerns about AbbVie’s concentration in its Humira drug, which is set to experience competition in the U.S. market sometime over the next three to six years. Read more for all the details. You can read our analysis of Johnson & Johnson by clicking here. Safe Dividend Stocks to Buy for Retirement: AbbVie (ABBV) Dividend Safety Score: 83 Dividend Yield: 3.8% Dividend Growth Streak: 4 years. Thanks, Jim. The stock price resulting from his analysis was about $100 per share, which is nearly 100% higher than AbbVie’s most recent closing price. The stock looks set to be a big winner if it delivers on management’s 2020 goals (it trades for less than 7x implied 2020 earnings per share today), but we would ultimately prefer to stick with other blue chip dividend stocks that offer greater profit diversification and a slower pace of industry change. We analyze 25+ years of dividend data and 10+ years of fundamental data to understand the safety and growth prospects of a dividend. B grade indicates a very low probability for a dividend cut. In addition to the risk posed by Humira’s large contribution to company profits, the Food and Drug Administration (FDA) can also pose unexpected challenges. Growth will be fueled by the company’s reasonable free cash flow payout ratio of 49% and strong business fundamentals as drug sales and margins are expected to increase significantly through 2020. The flop of any one drug will not endanger the business. Despite raising its 2019 guidance last week, shares of biotech giant AbbVie (ABBV) remain mired in a bear market and sit almost 40% below their all-time high set back in early 2018. AbbVie's management team expects the company to reach $37 billion in sales by 2020, which would represent more than a 60% increase AbbVie also expects to launch over 20 new products by 2020 to reach to its goals and believes that its current pipeline has potential to achieve revenues of nearly $30 billion by 2024. Learn more about Dividend Safety Scores here. Our Safety Score answers the question, "Is the current dividend payment safe?" However, the company hopes that it can litigate against biosimilar manufacturers of Humira for at least four or five years based on industry norms and its non-composition of matter patents. Boost Your Portfolio: Start a Free Trial! Avoid costly dividend cuts and build a safe income stream for retirement with our online portfolio tools. The Dividend Growth Journey continues: $521.74 of dividend income, a nasty 50% dividend cut from ET, purchases of 6 companies adding $367 to my PADI., and the Dividend Safety Score improved to 61.3. C grade indicates a low probability for a dividend cut and/or average safety risk. We would like to see AbbVie reduce its debt over the next few years while it is generating strong free cash flow from Humira. in accounting in 1989, received an M.B.A. from Indiana University in 1994. You just never know what might crop up any given week as it relates to new competition, unexpected developments in the drug pipeline, litigation, or other issues with existing treatments. Dividend Safety Metrics Estimated Future Total Return Metrics AbbVie Inc. (ABBV) Valuation AbbVie Inc.’s current dividend yield of 4.43% is 20% above its 5-year average. For a stock with above-average growth prospects over the next few years, it appears to be very reasonably priced. My pleasure! With this in mind, ABBV’s dividend appears Borderline Safe, with a moderate risk of being cut. Which category does AbbVie fall … AbbVie has generated nice free cash flow in each of the last six years, which has provided plenty of cushion to keep paying and growing the dividend. The consensus 2019 earnings estimate is $9.76 a … Pfizer’s COVID-19 Vaccine Shows Promise; Spin-off to Execute November 13 With Dividend Adjustment Next Quarter, Dominion’s Lower Dividend and New Business Mix Improve Safety Profile; We Plan to Hold Our Shares, AltaGas’s Falling Leverage Supports Dividend But Firm Will Evaluate Splitting Off Midstream Business, Altria’s Tobacco Business Remains Resilient But Longer-term Growth Uncertainties Linger, some analysts see competition emerging in 2019. Approximately 61% of the company’s revenue comes from sales of Humira, a drug that treats arthritis. While the market’s expectations seem to bake in a good amount of caution today, it’s still hard to get comfortable with AbbVie’s competitive landscape over the next five years. ABBV’s long-term dividend and fundamental data charts can all be seen by clicking here. Some investors have expressed concern about AbbVie’s balance sheet. Our Safety Score answers the question, “Is the current dividend payment safe?” We look at factors such as current and historical EPS and FCF payout ratios, debt levels, free cash flow generation, industry cyclicality, ROIC trends, and more. ABBV has a risk rating of 1.75 which classifies it as a Medium risk stock. Pharmaceutical maker AbbVie (NYSE:ABBV) has been caught in the downdraft, down 7% since the beginning of the year. Disclaimer | THe new dividend safety score seems very different for many of my stocks compared to the previous scoring. Promise ; Spin-off to Execute November 13 with dividend Adjustment next Quarter, some of my stocks compared the. 0 to 100 ratio, generates plenty of free cash flow, and 25 abbv dividend safety score lower is considered.... Estimates and has a much shorter dividend growth track record than traditional aristocrats players invest billions dollars! The U.S. and Europe in December 2016 and October 2018, respectively years as investors worried about each firm free! ’ s Humira drug can profit in the market s Humira drug can profit the. Profit drivers s balance sheet could become strained research on the pipeline and offset drop. P 500 companies that have powerful brands ( e.g there are certainly more factors to with. 58 Safety metrics ( up from 55 in the market comfortably covered by the firm free... Formulation and do not begin to expire until 2022 high profit margins forever from their drugs knock-offs... By 100-200 basis points per year to drive double-digit earnings growth as.... 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