A Dividend increase by Johnson&Johnson in 2019.
On April 25th Johnson & Johnson announced a 5.6% increase in its quarterly dividend. The dividend is raised from $0.90 to $0.95. The dividend pay date is June 11, 2019 to shareholders of record on May 28, 2019 (ex dividend May 24, 2019).
“In recognition of our 2018 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the quarterly dividend for the 57th consecutive year”
The new dividend amount represents an annualized dividend amount of $3.80 per share, up from $3.60. The dividend yield on current price is 2.54%.
My Vrijheid Fonds consist of 45 shares of JNJ and with this 5.6% increase it will add €5.13 ($5.74) after taxes, to my projected dividend income for 2019. In 2019 Johnson&Johnson will pay me approx. €127 ($143.48) dividend after taxes.
This is the 17th dividend increase for my Vrijheid Fonds in 2019. I love it!
Do you currently hold any stock in Johnson&Johnson and what do you think of this dividend increase? I like to hear from you!