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ABBOTT DECLARES DIVIDEND, AUTHORIZES REDEMPTION OF RIGHTS

 ABBOTT DECLARES DIVIDEND, AUTHORIZES REDEMPTION OF RIGHTS
 ABBOTT PARK, Ill., June 12 /PRNewswire/ -- The board of directors of Abbott Laboratories (NYSE: ABT) today declared a quarterly common dividend of 15 cents per share, following last month's two-for-one stock split.
 This marks the 274th consecutive quarterly dividend to be paid by Abbott since 1924. The dividend will be payable on Aug. 15, 1992, to shareholders of record at the close of business on July 15, 1992.
 In other action, the board authorized redemption of all outstanding rights issued under a Shareholder Rights Plan established in September, 1988. The redemption will be effective July 15, 1992.
 The Shareholder Rights Plan was originally authorized to deter coercive takeover tactics. The board of directors has determined that such a plan is no longer necessary.
 The redemption price for the Rights is 1/4 cent per right and is also payable Aug. 15, 1992 to shareholders of record as of close of business July 15, 1992. The redemption price will be treated by the company as an additional one-time dividend.
 Abbott Laboratories is a worldwide manufacturer of health care products employing some 46,000 people. In 1991, the company's sales and net earnings were $6.9 billion and $1.1 billion, respectively, with post-split earnings per share of $1.27.
 -0- 6/12/92
 /CONTACT: Don Braakman of Abbott Laboratories, 708-937-8945/
 (ABT) CO: Abbott Laboratories ST: Illinois IN: MTC SU: DIV


SH -- NY027 -- 9611 06/12/92 10:53 EDT
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Publication:PR Newswire
Date:Jun 12, 1992
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