Another dividend increase by the dividend aristocrat JNJ
On April 14th Johnson & Johnson announced a 6.3% increase in its quarterly dividend. The dividend is raised from $0.95 to $1.01. The dividend pay date is June 9, 2020 to shareholders of record on May 26, 2020 (ex dividend May 22, 2020).
CEO Alex Gorsky “In recognition of our 2019 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the quarterly dividend for the 58th consecutive year”
The new dividend amount represents an annualized dividend amount of $4.04 per share, up from $3.80. The dividend yield on current price is 2.89%.
My Vrijheid Fonds consist of 45 shares of JNJ and with this 6.3% increase it will add €6.27 ($6.89) after taxes, to my projected dividend income for 2020. In 2020 JNJ will pay me a total of approx. €139 ($152) dividend after taxes.
This is the 17th dividend increase for my Vrijheid Fonds in 2020. I love it!
Do you currently hold any stock in JNJ and what do you think of this dividend increase? Have you recently bought some extra stocks? I like to hear from you!