Johnson & Johnson Raises Quarterly Dividend by 5.6% to 95 Cents -- Update
25 Avril 2019 - 5:28PM
Dow Jones News
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 and consumer-products
giant last week posted first-quarter earnings and revenue that beat
expectations, paced by higher prescription-drug sales. J&J also
raised its full-year sales growth outlook.
Based on the company's roughly 2.66 billion shares outstanding,
the new dividend rate pushes J&J's annual payout above the $10
billion mark.
Johnson & Johnson said the increased dividend is payable
June 11 to shareholders of record May 28.
Shares of J&J were roughly flat in Thursday morning
trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
April 25, 2019 11:13 ET (15:13 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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