Johnson & Johnson Announces 62nd Consecutive Year of Dividend Increase; Raises Quarterly Dividend by 4.2%

Rhea-AI Summary

Johnson & Johnson (JNJ) announces its 62nd consecutive year of dividend increase, raising the quarterly dividend by 4.2% to $1.24 per share. This marks a significant milestone for the company, with the annual dividend now at $4.96 per share.

Positive

• Johnson & Johnson (JNJ) continues its impressive track record with a 4.2% increase in the quarterly dividend, demonstrating financial stability and commitment to shareholders.
• The 62nd consecutive year of dividend increases showcases Johnson & Johnson's (JNJ) long-term growth strategy and strong financial performance.
• Shareholders can expect a higher annual dividend of $4.96 per share, reflecting the company's consistent growth and value proposition.

Negative

• None.

NEW BRUNSWICK, N.J.--(BUSINESS WIRE)-- Johnson & Johnson (NYSE: JNJ) today announced that its Board of Directors has declared a 4.2% increase in the quarterly dividend, from $1.19 per share to $1.24 per share, marking the 62^nd year of consecutive increases.

At the new rate, the indicated dividend on an annual basis is $4.96 per share compared to the previous rate of $4.76 per share. The next quarterly dividend is payable on June 4, 2024 to shareholders of record at the close of business on May 21, 2024. The ex-dividend date is May 20, 2024.

About Johnson & Johnson

At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at https://www.jnj.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240416660427/en/

Media contact:

Tesia Williams

media-relations@its.jnj.com



Investor contact:

Jessica Moore

investor-relations@its.jnj.com

Source: Johnson & Johnson

FAQ

What is the ticker symbol for Johnson & Johnson?

The ticker symbol for Johnson & Johnson is JNJ.

How much is the quarterly dividend increase announced by Johnson & Johnson?

Johnson & Johnson announced a 4.2% increase in the quarterly dividend, raising it to $1.24 per share.

When is the next quarterly dividend payable to Johnson & Johnson shareholders?

The next quarterly dividend from Johnson & Johnson is payable on June 4, 2024.

What is the indicated annual dividend per share after the increase announced by Johnson & Johnson?

After the increase, the indicated annual dividend per share from Johnson & Johnson is $4.96.

How many years of consecutive dividend increases has Johnson & Johnson announced?

Johnson & Johnson has announced its 62nd consecutive year of dividend increases.