Today the Board of Directors of Johnson & Johnson announced a
quarterly dividend increase of from $0.84
to $0.90 per share that’s payable June 12, 2018 to holders of record May 29, 2018. This represents a 7.14% increase to regular quarterly
dividends. With current price $126.62 (todays open), this raise
brings
their
dividend yield to 2.84%.
In recognition of our 2017 results, strong financial
position and confidence in the future of Johnson & Johnson, the Board has
voted to increase the quarterly dividend for the 56th consecutive year,"
said Alex Gorsky, Chairman and Chief Executive Officer of the company.
Since I own 60 shares of JNJ, this will increase my portfolio's projected annual net dividend income by $8.85.
That increase rises my YOC to 3.68%.
Click here to see my portfolio holdings.
Full Disclosure: Long JNJ
Thanks for stopping by!
Hi Divhawk,
ReplyDeleteThis is dividend growth investing at work
7 % Johnson and JOhnson and Lazard LTD gave me today also a 7% increase
thanks for sharing the news
Keep going on with the site
Great news from both JNJ and XOM today. Well have to see ho wearnings go tomorrow. It could be a buying opportunity. Seems like these days if you don't hit a grand slam on earnings day your stock tanks.
ReplyDelete41 Dividend raises in 2018 already, wow Hawk. This is the definition of killin it!
ReplyDeleteDI