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)
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