Johnson & Johnson (JNJ) announced this morning at their annual shareholder meeting a quarterly dividend of .61 per share, this is a 7% increase from .57 per share. Their previous increase was from .54 to .57 and only a 5.6% increase. This marks their 50th consecutive dividend increase!
The next quarterly dividend is payable on June 12th to shareholders of record as of May 29th.
I like to see companies consistently increase their dividends but it’s also nice to see them increase at a higher rate. This tells me the company is doing well. I’d rate JNJ a buy at today’s prices, it’s currently yielding 3.77% with the dividend increase.
I might add to my position over the course of the next couple of weeks.