Today April 14 the Board of Directors of Johnson &
Johnson announced
a quarterly dividend increase of from $ 0.95 to $ 1.01 per share that’s payable
June 9, 2020 to holders of record May 26, 2020. This is the 58th consecutive
annual dividend increase authorized by the Johnson & Johnson, and
represents a 6.32% increase over last year’s dividend.
“In recognition of our 2019 results, strong financial
position and confidence in the future of Johnson & Johnson, the Board has
voted to increase the quarterly dividend for the 58th consecutive year,” said Alex
Gorsky, Chairman and Chief Executive Officer of the company.
With current price $ 139.77 (yesterday's close), this
raise brings their dividend yield to 2.89%.
