Today Johnson & Johnson (JNJ) announced a 5% increase in its quarterly dividend.
The dividend is raised from $0.80 to $0.84. The dividend pay date is June 13, 2017 to shareholders of record on May 30, 2017 (ex dividend May 25, 2017).
CEO Alex Gorsky “In recognition of our 2016 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the quarterly dividend for the 55th consecutive year”
Vrijheid Fonds
The new dividend amount represents an annualized dividend amount of $3.36 per share, up from $3.20. The dividend yield on current price is 2.72%. My Vrijheid Fonds consist of 30 shares of JNJ, so in 2017 my passive income will increase by $4.59 (after taxes).
My projected annual total amount from my shares of JNJ will be €116.95 after taxes.
This is the 17th dividend increase for my Vrijheid Fonds in 2017. I love it!
Cheers,
Pollie
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5% may not seems like much, but I’m more than happy to take it! As for Johnson & Johnson, they are still very solid DGI company.
Well this is some nice news. Definetely something to take into account wether to buy JNJ or PFE next.
You never go wrong with JNJ 😀
JNJ is my favorite (and only) healthcare dividend stock. Actually I recently wrote an article about them on my website!
For more, visit us at TheDividendLife.com
I will take a look at your website. And I agree with you about JNJ, I love it
I’ll take it, 5% isn’t much for JNJ but I’m still happy with it.
I agree, 5% increase is a little bit disappointing, but I ‘ll take it and I’m happy with it!
Cheers,
Pollie