Johnson and Johnson Increases Their Dividend by 5% in 2021

Posted by More Dividends in Dividend Increases On April 22, 2021

Dividend Increase Announcement

On April 20th, Johnson and Johnson announced a dividend increase of 5%. This will increase their dividend per quarter from $1.01 to $1.06. It is payable on June 8th for shareholders of record on May 25th. The new quarterly dividend represents an annualized dividend amount of $4.24 per share as compared to the current annualized dividend amount of $4.04 per share.

Johnson and Johnson Dividend Information

Annual Dividend: $4.24
Dividend Yield: 2.48%
Dividend Growth History: 59 years

Dividend Increase Effect On More Dividends

I am currently holding 8.328 shares of Johnson and Johnson in the More Dividends portfolio. With this 5% increase it will add an additional $1.66 to my projected annual dividend income and this doesn’t even take into account the compounding factor!

Conclusion

Johnson&Johnson is a great company. I originally started this position last year as the pandemic intially started. I wish that I would have added more.

At the time, I did not know that the company would develop one of the covid vaccines that would be used in this country. I definitely didn’t know that their vaccine would end up getting pulled off the market.

Overall, I think the company is great and would love to buy some more stock in the company but first the price would have to come down closer to my cost basis.

Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉

Do you currently hold any stock in Johnson and Johnson? What do you think of this dividend increase? Just let me know in the comments.

As always I look forward to reading all of your comments and questions, until then….. happy investing!

-Jason from MoreDividends.com