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2021 Week 51: AbbVie Inc (NYSE: ABBV)

ABBV

Portfolio Update

The FiveTwenty portfolio received $145.90 in dividends in the past week. K, MMM, and ORI paid their quarterly dividend during the week.

Past Week Dividend$119.40
Current Quarter Dividend (Q4 2021)$928.02
LifeTime Dividend$2,029.35
Estimated Annual Dividend$3,778.45
Dividend Scorecard

The capital allocation for the week of 12/19/2021 to 12/25/2021 will be used to add to our position in AbbVie Inc (NYSE: ABBV)

ABBV – Position Update

Since our last check-in on ABBV in week 11 of 2021, the company reported Q1 2021 earnings on 04/30/2021, Q2 2021 earnings on 07/30/2021, and Q3 2021 earnings on 10/29/2021. Additionally, the share price increased 19.7% from $108.22 to $129.53 during the same period.

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2021 Week 11: AbbVie Inc (NYSE: ABBV)

ABBV

Portfolio Update

The FiveTwenty portfolio received $18.70 in the past week. WBA paid it’s quarterly dividend during the week.

Past Week Dividend$18.70
Current Quarter Dividend$84.57
Estimated Annual Dividend$741.17
LifeTime Dividend$84.57
Dividend Scorecard

The capital allocation for the week of 03/14/2021 to 03/20/2021 will be used to add to our position in AbbVie Inc (NYSE: ABBV)

ABBV – Update

Since out last check-in on ABBV in week 4 of 2021, the company reported Q4 and full year 2020 earnings on 02/03/2021. Additionally the share price has been more or less flat closing at $108.22 on 03/12/2021 compared to a close of $110.86 on 01/22/2021, 2.3% decline.

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What is a contingent consideration liability?

contingent consideration

In it’s Q4 2020 earnings release AbbVie (NYSE: ABBV) reported that it recorded a $4.7 billion increase in the contingent consideration liability for the drug Skyrizi. This expense wiped out ABBV’s net earnings for the quarter. Therefore, I decided to do some research to try to understand what a contingent consideration liability is.

What is a contingent consideration?

Contingent considerations are financial instruments employed in complex business transactions. Their purpose is to share risk associated with the transaction between buyers and sellers. A contingent consideration is an obligation of the buyer to transfer additional assets (cash, equity, physical assets) to the seller if future events occur or conditions are met.

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2021 Week 4: AbbVie Inc (NYSE: ABBV)

ABBV

The FiveTwenty portfolio received no dividends in the past week.

Past Week Dividend$0
Current Quarter Dividend$0
LifeTime Dividend$0
Dividend Scorecard

The capital allocation for the week of 01/24/2021 to 01/30/2021 will be used to establish a position in AbbVie Inc (NYSE: ABBV).

ABBV – Company Profile

AbbVie (ABBV) is a biopharmaceutical company founded in 2013 as a spin-off of Abbot Laboratories. The company develops and sells treatments in the areas of: immunology, hematologic oncology, aesthetics, neuroscience, eye care, women’s health and others. It’s best known products are Humira and Botox. Official Site | Wikipedia

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