Johnson & Johnson Announces Dividend Increase of 5.0%

Rhea-AI Summary

Johnson & Johnson (NYSE: JNJ) has announced a 5.0% increase in its quarterly dividend, raising it from $1.01 to $1.06 per share. This marks the 59th consecutive year of dividend increases, reflecting the company's strong financial position and confidence in future growth. The annualized dividend is now $4.24 per share, up from $4.04. The next dividend is payable on June 8, 2021, to shareholders recorded by May 25, 2021, with an ex-dividend date of May 24, 2021.

Positive

• 5.0% increase in quarterly dividend from $1.01 to $1.06 per share.
• Annualized dividend now totals $4.24, up from $4.04.
• 59th consecutive year of dividend increases, indicating company stability and confidence.

Negative

• None.

NEW BRUNSWICK, N.J., April 20, 2021 /PRNewswire/ -- Johnson & Johnson (NYSE: JNJ) today announced that its Board of Directors has declared a 5.0% increase in the quarterly dividend, from $1.01 per share to $1.06 per share.

"Despite a year of unprecedented disruption, Johnson & Johnson remained committed to its established financial principles that strengthen our ability to drive long-term value for stakeholders. In recognition of our notable 2020 results, strong financial position and confidence in the future of Johnson & Johnson, the Board of Directors has voted to increase the quarterly dividend for the 59th consecutive year," said Alex Gorsky, Chairman and Chief Executive Officer of the company.

At the new rate, the indicated dividend on an annual basis is $4.24 per share compared to the previous rate of $4.04 per share. The next quarterly dividend is payable on June 8, 2021 to shareholders of record as of the close of business on May 25, 2021. The ex-dividend date is May 24, 2021.

About Johnson & Johnson
At Johnson & Johnson, we believe good health is the foundation of vibrant lives, thriving communities and forward progress. That's why for more than 130 years, we have aimed to keep people well at every age and every stage of life. Today, as the world's largest and most broadly-based health care company, we are committed to using our reach and size for good. We strive to improve access and affordability, create healthier communities, and put a healthy mind, body and environment within reach of everyone, everywhere. We are blending our heart, science and ingenuity to profoundly change the trajectory of health for humanity.

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SOURCE Johnson & Johnson

FAQ

What is the new dividend rate for JNJ?

The new dividend rate for JNJ is $1.06 per share.

When will the next dividend for JNJ be paid?

The next dividend for JNJ will be paid on June 8, 2021.

What is the ex-dividend date for JNJ?

The ex-dividend date for JNJ is May 24, 2021.

How long has JNJ been increasing its dividend?

JNJ has been increasing its dividend for 59 consecutive years.

What is the annual dividend amount for JNJ after the increase?

After the increase, the annual dividend amount for JNJ is $4.24 per share.