Core Viewpoint - AbbVie has established itself as a resilient and innovative company in the healthcare sector, demonstrating strong growth and adaptability, which makes it a reliable investment choice for long-term shareholders [1][9]. Company Overview - AbbVie was spun off from Abbott Labs 13 years ago and is now the third-largest healthcare company globally by market capitalization [1]. - The company has a market cap of $390 billion and a current stock price of $220.72, with a recent change of -0.77% [5][10]. Dividend and Financial Performance - AbbVie is classified as a Dividend King, having increased its dividends for at least 50 consecutive years, with a forward dividend yield of 3.1% [3]. - The company has shown significant stock performance, more than doubling in value over the past five years [4]. Product Pipeline and Innovation - AbbVie has a robust pipeline with approximately 90 programs in clinical development, of which around 60 are in mid- or late-stage studies [3]. - The company features multiple blockbuster drugs, particularly highlighting the strong sales growth of autoimmune disease treatments Skyrizi and Rinvoq [4]. Adaptability and Future Outlook - AbbVie has a proven track record of adapting to industry challenges, including successfully navigating the patent cliff of its former best-selling drug, Humira [8]. - The ability to evolve is emphasized as a critical trait for long-term success, and AbbVie is expected to continue delivering solid dividends and growth [7][9].
1 Reason I'm Never Selling AbbVie Stock