In 1935, Grace Groner purchased 3 shares of Abbott Laboratories for a total of $180. Grace made a wise decision when she chose to reinvest dividends. ABT increased those dividends, had great earnings, and had several stock splits.
Fast forward 75 years later to 2010, unfortunately Grace passed away. Her Abbott Labs purchase was now worth roughly $7,000,000 and the dividends were approximately $450,000 per year.
This initial investment allowed her to setup a foundation for her legacy.
Dividend payments are not guaranteed and may be reduced or eliminated at any time by the company.
Information in this material is for general information only and not intended as investment, tax or legal advice. Please consult the appropriate professionals for specific information regarding your individual situation prior to making any financial decision.
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