Thursday, April 25, 2013
Dividend Increase: JNJ
Johnson & Johnson (JNJ) is increasing its quarterly dividend by 8.2%, from $0.61 to $0.66 per share, putting the company on track for its 51st consecutive year of dividend growth (news release). Given that I own 35 shares of JNJ, my quarterly dividend increases from $21.35 to $23.10 and my yield on cost becomes 4.16%. The extra $7.00 in annual dividend income raises my forward 12-month dividend total to $2,413. Thus far this year, there have been dividend increases for 17 of the 28 stocks in my portfolio.