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ABBOTT TO PURCHASE 20 MILLION SHARES OF ITS COMMON STOCK; COMPANY DECLARES QUARTERLY DIVIDEND

 ABBOTT PARK, Ill., Sept. 10 /PRNewswire/ -- The board of directors of Abbott Laboratories (NYSE: ABT) today approved the purchase of up to 20 million shares of its common stock from time to time in the open market and declared a quarterly common dividend of 17 cents per share.
 The dividend will be payable on Nov. 15, 1993, to shareholders of record at the close of business on Oct. 15, 1993. This marks the 279th consecutive dividend to be paid by Abbott since 1924.
 Abbott Laboratories is a worldwide manufacturer of health care products employing 49,000 people. In 1992, the company's sales and net earnings were $7.9 billion and $1.2 billion, respectively, with earnings per share of $1.47.
 -0- 9/10/93
 /CONTACT: Marc Bertaud of Abbott Laboratories, 708-938-8848/
 (ABT)


CO: Abbott Laboratories ST: Illinois IN: MTC SU: DIV

SM -- NY039 -- 0756 09/10/93 12:49 EDT
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Publication:PR Newswire
Date:Sep 10, 1993
Words:151
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