Johnson & Johnson (NYSE: JNJ ) is continuing its long tradition of boosting the money it returns to shareholders. The company has declared a quarterly dividend of $0.66 per share of its stock, to be paid on June 11 to shareholders of record as of May 28. This represents an increase of 8% over the previous payout of $0.61, which was dispensed in February.
The company is a steady dividend payer, and it typically raises that distribution once per year. This is the 51st consecutive year it has done so.
The new dividend annualizes to $2.64 per share. That yields 3.1% at Johnson & Johnson's current stock price of $85.21.
More Expert Advice from The Motley Fool
In the world of health care, companies simply don't come any bigger than Johnson & Johnson. Many own the stock, but few understand its story. Offering everything from baby powder to biologics, critics think the company has spread itself too thin, becoming nothing more than a bloated corporate whale. Is this true, or is J&J a well-diversified giant that's perfect for your portfolio? Make sure you understand the full story behind the stock, along with its key opportunities and risks, by checking out our brand new premium report on Johnson & Johnson. To claim your copy simply click here now for instant access.
No comments:
Post a Comment