NEW BRUNSWICK, N.J. - Johnson & Johnson (NYSE: NYSE:JNJ) has announced a 4.2% increase in its quarterly dividend, raising the payout from $1.19 to $1.24 per share. This move extends the company's track record to 62 consecutive years of dividend increases.
The revised dividend equates to an annualized rate of $4.96 per share, up from the prior $4.76. Shareholders on record by the close of business on May 21, 2024, will be eligible for the next dividend, scheduled for payment on June 4, 2024. The ex-dividend date, when the stock starts trading without the value of its next dividend payment, is set for May 20, 2024.
Johnson & Johnson, a leader in the healthcare industry, is known for its innovative approaches to medicine and medical technology. The company aims to address complex health challenges by creating smarter and less invasive treatments, with a focus on personalized healthcare solutions.
The information for this report is based on a press release statement from Johnson & Johnson.
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