New Brunswick-based Johnson & Johnson announced Thursday that its board of directors has declared a 6.1 percent increase in its quarterly dividend rate, from 66 cents per share to 70 cents per share.
“In recognition of our 2013 results, strong financial position and confidence in the future of Johnson & Johnson, the board has voted to increase the dividend from the 52nd consecutive year,” said Alex Gorsky, chairman and CEO.
According to the announcement, the new increase allows for an annual basis of $2.80 per share compared to the previous rate of $2.64 per share. The next quarterly dividend is payable on June 10, 2014 to shareholders of record as of May 27, 2014.
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