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November 20, 2012 at 09:26 AM EST
Dividend Stock Removed from Recommended List – 11/20

We are removing a dividend stock from our recommended list today.

Name Being Removed
Abbott Labs (ABT) is being taken off our Best Dividend Stocks list following a nice run for the shares since our recommendation. We do still like the shares, but would not currently add to positions at current levels. The dividend yield is in the lower 3% yield levels as the company get set to split in two at the beginning of the year. We prefer investors look elsewhere with new capital as we take another look at the shares post-split and whether we see the shares in a great spot to be re-recommended. This is not a “sell” call, but simply a “hold” at these levels.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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