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%.
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You can follow the development of my dividends here.
It's amazing how JNJ just keeps cranking out the increases year after year...
ReplyDeleteIt's about the increase that I expected to see from JNJ. It's one of the reasons I just purchased more shares as I knew the yield would be around 3% with a 7% raise. It's nice to see it though.
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