NEW BRUNSWICK, N.J., April 24, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Johnson & Johnson today announced that its Board of Directors has declared a 10.8% increase in the quarterly dividend rate, from $.415 per share to $.46 per share. The increase was announced this morning at the Annual Shareholders Meeting in New Brunswick, NJ.
"In recognition of our solid results in 2007, our strong financial position, and our confidence in the future of Johnson & Johnson, the Board has voted to increase the dividend for the 46th consecutive year," said William C. Weldon, Chairman and Chief Executive Officer of the Company.
At the new rate, the indicated dividend on an annual basis is $1.84 per share compared to the previous rate of $1.66 per share. The next quarterly dividend is payable on June 10, 2008 to shareholders of record as of May 27, 2008.
The Div Guys owns shares of JNJ at the time of this post.
Johnson & Johnson (JNJ) Announces Dividend Increase of 10.8%
Posted by Div Guy | Thursday, April 24, 2008 | dividend stock, investing, stock | 6 comments »
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I love this stock! It would be nice if I could find a few more like it.
Best Wishes,
D4L
I just wish I owned more of it!
For every 145 shares that you own, you could buy one share per quarter ;-)
I will work on getting my shares of JNJ up to 145 over the next year.
Wow, that's terrific news. I am late to the party but I have J&J in my port so it is starting to look like a good long term investment
TLM,
I still think JNJ is a great value.