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Abbott Labs Is a Healthy Candidate for the 'Buying Dividends' Strategy

NEW YORK (TheStreet) -- Shares of medical device manufacturer Abbott Laboratories (ABT - Get Report) are scheduled to trade ex-dividend Tuesday. To qualify for a dividend check, investors must own shares of the Abbott Park, Ill.-based company on or before that date, when Abbott will finalize the roster for this quarter's payout.

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Buying dividends -- the strategy of buying a stock for the sole purpose of collecting the quarterly dividend, then immediately selling after it has been paid -- can be lucrative, but it requires excellent timing, as well as...