Johnson & Johnson Rolls Out Dividend Increase

Johnson & Johnson [[JNJ]] announced yesterday that the company will increase their quarterly dividend by 6% to $.57 per share.

 

Following the dividend increase, JNJ stock will give investors a current dividend yield of 3.5% based on yesterday’s closing price.

 

This marks the 49th consecutive year that the dividend aristocrat has raised their quarterly dividend.

 

William C. Weldon, Chairman and Chief Executive Officer, commented on the dividend increase, “Given our strong financial position, confidence in the future of Johnson & Johnson, and in recognition of our results in 2010, the Board has voted to increase the dividend for the 49th consecutive year.”

 

Johnson & Johnson is widely held by dividend investors and investors following the Dow 10 strategy. JNJ stock has gained nearly 6% this year, but still lags the 10% gain in the Dow Jones index.

 

The Johnson & Johnson dividend will be payable on June 14, 2011 to shareholders of record as of May 31, 2011.

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