Polliesdividend

Johnson & Johnson (JNJ) – Dividend increase – 2020

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).

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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”

 

Vrijheid Fonds

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%.

 

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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!

Cheers,

Pollie

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