Today the Board of Directors of Johnson & Johnson announced a quarterly dividend increase of from $0.70 to $0.75 per share that’s payable June 9, 2015 to holders of record May 26, 2015. This represents a 7.1% increase to regular quarterly dividends. With current price $100.50 (todays open), this raise brings their dividend yield to 2.99%.
Since I own 40 shares, (I bought 20 more earlier today) this will increase my portfolio's projected annual net dividend income by $5.96.
That increase rises my YOC to 2.99%.
Click here to see my portfolio holdings.
You can follow the development of my dividends here.