Thursday, April 28, 2016

Dividend Increase – Johnson & Johnson (JNJ)


Today the Board of Directors of Johnson & Johnson announced a quarterly dividend increase of from $0.75 to $0.80 per share that’s payable June 7, 2016 to holders of record May 24, 2016. This represents a 6.67% increase to regular quarterly dividends. With current price $112.10 (todays open), this raise brings their dividend yield to 2.85%. 

"In recognition of our 2015 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the quarterly dividend for the 54th consecutive year," said Alex Gorsky, Chairman and Chief Executive Officer of the company.

Since I own 60 shares, this will increase my portfolio's projected annual net dividend income by $8.94.

That increase rises my YOC to 3.28%.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

5 comments:

  1. Grateful for our pay raise! Johnson & Johnson is one of our long term holdings. Thanks for sharing the good news

    I hope you're having a great week.
    -Bryan

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  2. Yet another increase this month yeah! Thanks for sharing.

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  3. Good stuff! Glad I managed to buy some more shares back in January when JNJ was yielding over 3%.

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  4. Congrats to you and everyone on the raise :)

    Tristan

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  5. Excellent DivHawk. Yeah makes it worth it if you got JNJ on a good yield!
    Cheers,
    DFG

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