Johnson & Johnson (JNJ) announced
increase in its cash dividend. The quarterly cash dividend will increase from $0.70 to $0.75 per share and payable on Jun 9, 2015 to shareholders on record as of May 26, 2015 and ex-div date of May 21st. The annual dividend rate goes up from $2.80 to $3.00. Yield going forward is 3%.
“In recognition of our 2014 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the quarterly dividend for the 53rd consecutive year“, said Alex Gorsky, Chairman and Chief Executive Officer of the company.
My portfolio consists of 15 shares of JNJ, which increases my annual dividends from $42 to $45, an increase of $3.