By Colin Kellaher

 

Johnson & Johnson (JNJ) on Thursday said its board raised the quarterly dividend by 5.6% to 95 cents from 90 cents.

The new payout, equal to $3.80 a year, represents an annual yield of about 2.73% based on Wednesday's closing price of $139.20, up from about 2.59%.

The New Brunswick, N.J., pharmaceuticals company said the increased dividend is payable June 11 to shareholders of record May 28.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

April 25, 2019 11:04 ET (15:04 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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