February 01, 2013 at 09:28 AM EST
Dividend Stock Added to Recommended List – 2/1

We are adding a dividend stock to our recommended list today.

Name Being Added
Abbvie (ABBV) is the pharma play recently spun off from Abbott Labs (ABT). The company has debuted with a 4.30% plus dividend yield and recently offered up conservative guidance for 2013, which make the stock’s current valuation a decent risk/reward for income investors. The company has a solid pipeline of drugs it has in development, so profits should continue to be steady in the years ahead.

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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