Tuesday,
April 18th the Board of Directors of Johnson & Johnson (JNJ)
announced
a quarterly dividend increase of from $1.13 to $1.19 per share
that’s payable June 6, 2023 to holders of record May 23, 2023. This
represents a 5.31% increase over the last quarter dividend.
“In
recognition of our 2022 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 61st
consecutive year,” said Joaquin Duato, Chairman of the Board and
Chief Executive Officer of the company.
With
current price $161.01 (yesterday's close), this raise brings their
dividend yield to 2.96%.