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Tuesday, April 16, 2024

Johnson & Johnson Dividend Increase

Johnson & Johnson (JNJ) increased its quarterly dividend by 4.20%, from $1.19 to $1.24 per share.

The dividend will be paid on 4 June to shareholders of record on 21 May. The ex-dividend date is 20 May.

JNJ's contribution to DivGro's projected annual dividend income will increase by $15.20 to $376.96.

I own 76 shares of JNJ at an average cost basis of $155.33 per share. Following this increase, my yield on cost is 3.19%. (JNJ's forward yield is 3.45% at $143.81 per share). 

Since I opened my JNJ position in December 2020, the stock has produced annualized total returns of only 0.6%, including $1,104.28 in dividend income. 

5-Year History of Dividend Payouts by Ex-Date
2019 2020 2021 2022 2023 2024
$3.750$3.980 $4.190 $4.450 $4.700 $4.910
5.93% 6.13% 5.28% 6.21% 5.62% 4.47%
5-year DGR: 5.83% 5.54%
projected, assuming no further changes

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