AbbVie’s Humira Cash Cow Is Shrinking—Can Its Dividend Keep Growing?
AbbVie (ABBV) raised its dividend 5.5% to $1.73 despite a 36% drop in Humira sales. Skyrizi and Rinvoq offset losses, but Skyrizi faces patent expiry in 2033. The company generated $17.8B in free cash flow, covering dividends. ABBV's $10.9B Apogee acquisition adds leverage but management aims to reduce it within three years.



