Global diversified healthcare company Johnson & Johnson (JNJ) came though with my raise today as expected. JNJ raised their quarterly dividend from $0.415 to $0.460/share. This represents a raise in my annual dividends from JNJ of 10.8%, and I didn't even have to lift a finger. The makers of Band Aids and Tylenol rewarded investors for holding shares in their company by increasing the amount of cash they distribute to them every quarter. JNJ is now yielding about 2.75%.
Here is their recent dividend payment history:
2005 - $1.275
2006 - $1.455
2007 - $1.620
2008 - $1.795 (estimated)
This represents a compounded raise of about 12% annually.
1 comment:
The dividend will be payable on June 10, 2008 to shareholders of record on May 27.
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