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Johnson & Johnson Raises Quarterly Dividend by 4.2% to $1.24

Provided by Dow Jones

Apr 16, 2024 10:48am

By Colin Kellaher

Johnson & Johnson's board raised the healthcare giant's quarterly dividend by 4.2%, to $1.24 from $1.19.

The new payout, equal to $4.96 a year, represents an annual yield of about 3.36% based on Monday's closing price of $147.59, up from 3.23%.

The New Brunswick, N.J., company on Tuesday said the increased dividend is payable June 4 to shareholders of record May 21.

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

(END) Dow Jones Newswires

April 16, 2024 06:48 ET (10:48 GMT)

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