Johnson & Johnson Announces 10.8% Dividend Increase
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Johnson & Johnson’s Board of Directors has declared a 10.8% increase in the quarterly dividend rate, from $.415 per share to $.46 per share.
The increase was announced this morning at the Annual Shareholders Meeting in New Brunswick, NJ.
“In recognition of our solid results in 2007, our strong financial position, and our confidence in the future of Johnson & Johnson, the Board has voted to increase the dividend for the 46th consecutive year,” said William C. Weldon, Chairman and Chief Executive Officer of the Company.
At the new rate, the indicated dividend on an annual basis is $1.84 per share compared to the previous rate of $1.66 per share. The next quarterly dividend is payable on June 10, 2008 to shareholders of record as of May 27, 2008.
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