Abbott Laboratories Declares 296th Consecutive Quarterly Dividend

Date: Thu, 18 Dec 1997 19:54:18 GMT Server: WebSitePro/1.1g (S/N WPO-15B7) Accept-ranges: bytes Content-type: text/html Last-modified: Fri, 12 Dec 1997 17:07:38 GMT Content-length: 6215 Abbott Laboratories Declares 296th Consecutive Quarterly Dividend

ABBOTT TO REPURCHASE 15 MILLION SHARES OF STOCK;
ABBOTT LABORATORIES DECLARES 296th CONSECUTIVE QUARTERLY DIVIDEND

Abbott Park, Illinois, December 12, 1997 — The board of directors of Abbott Laboratories today approved the purchase of up to 15 million shares of its common stock from time to time in the open market and declared a quarterly common dividend of 27 cents per share.

This marks the 296th consecutive dividend to be paid by Abbott since 1924. The cash dividend is payable February 15, 1998, to shareholders of record at the close of business on January 15, 1998.

Abbott Laboratories is a global, diversified health care company devoted to the discovery, development, manufacture and marketing of pharmaceutical, diagnostic, nutritional and hospital products. The company employs 54,000 people and markets its products in more than 130 countries. In 1996, the company's sales and net earnings were $11.0 billion and $1.9 billion, respectively, with earnings per share of $2.41.

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