Wednesday, April 20, 2022

Dividend Increase - Johnson & Johnson (JNJ)


Tuesday, April 19th the Board of Directors of Johnson & Johnson (JNJ) announced a quarterly dividend increase of from $ 1.06 to $ 1.13 per share that’s payable June 7, 2022 to holders of record May 24, 2022. This represents a 6.60% increase over the last quarter dividend.


“In recognition of our 2021 results, strong financial position, and

confidence in the future of Johnson & Johnson, the Board of Directors has voted to

increase the quarterly dividend for the 60th consecutive year,” said Joaquin Duato,

Chief Executive Officer of the company.


With current price $ 183.08 (yesterday's close), this raise brings their dividend yield to 2.47%.


Johnson & Johnson is a Dividend Champions with a 60 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 5.3, 5.8, 5.9 and 6.4 (Dividend Champions.xls)



Since I own 60 shares of JNJ, this will increase my portfolio's projected annual net dividend income by $ 12.52.


I was expecting an increase of about 5%, so this increase was a little higher than I expected and I am happy to take it.


This is the eight dividend increase I've received from Johnson & Johnson since initiating a position in February 2015. During that period, the quarterly dividend has grown as expected from $ 0.66 to $ 1.13, or 71.2 percent.


This increase raises my YoC to 4.63%.



Summary of 2022 Dividend Increases / Cuts



Click here to see my portfolio holdings.


You can follow the development of my dividends here.


Full Disclosure: Long JNJ


Thanks for stopping by!


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