Today the Board of Directors of Johnson & Johnson announced a quarterly dividend increase of from $0.75 to $0.80 per share that’s payable June 7, 2016 to holders of record May 24, 2016. This represents a 6.67% increase to regular quarterly dividends. With current price $112.10 (todays open), this raise brings their dividend yield to 2.85%.
"In recognition of our 2015 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the quarterly dividend for the 54th consecutive year," said Alex Gorsky, Chairman and Chief Executive Officer of the company.
Since I own 60 shares, this will increase my portfolio's projected annual net dividend income by $8.94.
That increase rises my YOC to 3.28%.
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You can follow the development of my dividends here.