Investing in dividend stocks is great for many reasons, with one of the biggest benefits being that companies that can pay growing dividends over the long term usually have a strong and stable underlying business.
It's even better to invest in excellent dividend stocks when their prices seem attractive, which isn't always easy to find because these companies are highly valued.
AbbVie $ABBV: Stability despite challenges
Recent years have been turbulent for AbbVie. The company lost patent exclusivity on its best-selling drug Humira in early 2023, which led to a significant drop in revenue, earnings, and stock price. Despite this, the company managed to recover from the blow, but its stock suffered further losses late last year when one of its promising products, emraclidine (a potential treatment for schizophrenia), failed in Phase 2 clinical trials.
While AbbVie was able to recoup most of the losses from that failed phase, its stock is still fairly valued, at least according to one of the…