Johnson & Johnson Increases Dividend By 6.5%
- April 23, 2009
- Dividend Aristocrats, Dividend News, Dividend Stocks
- Add a comment
Johnson & Johnson (JNJ: 64.89 -0.54%) announced today that they are increasing their quarterly dividend by 6.5% to $.49 per share.
The quarterly dividend increase puts the current dividend yield at 3.8%.
“Given our strong financial position, confidence in the future of Johnson & Johnson, and in recognition of our solid results in 2008, the Board has voted to increase the dividend for the 47th consecutive year,” said William C. Weldon, Chairman and Chief Executive Officer of the Company.
The dividend will be payable on June 9, 2009 to shareholders of record as of May 26, 2009.
Last week, Johnson & Johnson announced better than expected first quarter earnings results.
The stock was virtually unchanged today on the news of the dividend increase, but since the beginning of the year JNJ has fallen over 14% compared to only a 10% decline in the Dow Jones index.
