In these tight economic times, global healthcare firm Johnson & Johnson (JNJ) has raised their dividend by 6.5% right on schedule. J&J's 2008 raise was by 10.8%.
Below is their recent annual dividend payment history:
2005 - $1.275
2006 - $1.455
2007 - $1.620
2008 - $1.795
2009 - $1.96 (est.)
This represents a compound growth rate of the dividend of 11.3%.
1 comment:
I am very happy that JNJ raised their dividend this year. However this looks like the first single digit increase in dividends since at least 1986.. I guess JNJ can't possibly grow at 15% forever..
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