By Colin Kellaher
Johnson & Johnson's board has raised the quarterly dividend by 4.8%, to $1.30 from $1.24, marking the 63rd straight year that the healthcare giant has boosted its payout.
The new dividend, equal to $5.20 a year, represents an annual yield of about 3.37% based on Monday's closing price of $154.36, up from 3.21%.
The dividend increase maintains J&J's spot in the S&P 500 Dividend Aristocrats Index, whose 69 members have paid a higher dividend for at least 25 straight years.
The increase also keeps J&J's place on the smaller list of dividend kings--those who have boosted their dividends annually for at least a half century. That group currently counts 55 members, according to website Sure Dividend.
The New Brunswick, N.J., company on Tuesday said the increased dividend is payable June 10 to shareholders of record May 27.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
April 15, 2025 06:39 ET (10:39 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。