Dividend Increase Announcement
On April 14th, Johnson and Johnson announced a dividend increase of 6.3%. This will increase their dividend per quarter from $0.95 to 1.01. It is payable on June 9th for shareholders of record on May 26th. The new quarterly dividend represents an annualized dividend amount of $4..04 per share as compared to the current annualized dividend amount of $3.80 per share.
Johnson and Johnson Dividend Information
Annual Dividend: $4.04
Dividend Yield: 2.89%
Dividend Growth History: 58 years
Dividend Increase Effect On More Dividends
I am currently holding 8.109 shares of Johnson and Johnson in the More Dividends portfolio. With this 6.3% increase it will add an additional $1.95 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Johnson and Johnson is a great company. Like some of my other positions, my only regret is the fact that I wasn’t able to buy more before the price moved so far ahead of my cost basis. I would welcome the opporunity to add more shares but until then I will continue to collect a solid dividend from a solid company.
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
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