Johnson & Johnson (JNJ) announced that its quarterly dividend will be raised by 6.1% from $0.66 per share to $0.70 per share. This dividend increase is the company’s 52nd consecutive annual increase. The new dividend is scheduled to be paid on Jun 10, 2014 to shareholders on record as of May 27, 2014, and ex-div date of May 22, 2014. The new dividend rate results in an annualized yield of 2.79% based on JNJ’s current stock price.
My portfolio consists of 15 shares of Johnson & Johnson, which increases my annual dividend raise from $39.60 to $42. My yield-on-cost is 3.26%.