4.5%-Yielding AbbVie Is One Of My Favorite Value Plays For 2024

Nov. 29, 2023 11:10 AM ETAbbVie Inc. (ABBV) StockABBV36 Comments

Summary

  • Value stocks have underperformed since 2006. However, I expect a shift in market dynamics, particularly for healthcare stocks.
  • AbbVie is a compelling value play with a 4.5% yield, strong performance, and a 4.7% dividend increase.
  • The company is in a great position to boost long-term growth thanks to a strong portfolio and pipeline, potentially leading to lasting stock price outperformance.
  • Looking for more investing ideas like this one? Get them exclusively at iREIT® on Alpha. Learn More »
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Introduction

I would consider myself to be a value (with a focus on sustainable growth) investor. However, I may be one of the most picky value investors in the market. Not just because I own just 20 dividend (growth) stocks, but because I only buy value stocks with

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This article was written by

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Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.

As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ABBV either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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