J&J Ups Its Dividend

Johnson & Johnson has increased its quarterly dividend rate by 10.2%, from 49 cents a share to 54 cents a share.
Author:
Publish date:


NEW YORK (TheStreet) -- Johnson & Johnson (JNJ) - Get Report has increased its quarterly dividend rate by 10.2%, from 49 cents a share to 54 cents a share citing a "strong financial position and confidence in our ability to deliver outstanding results now and in the future."

The dividend at the new rate on an annual basis is $2.16 a share compared with the previous rate of $1.96 a share.

>>Search for Highest Dividends by Rate or Yield

>>Check Ex-dividend Dates with Our Dividend Calendar

This is J&J's 48th consecutive year with a dividend increase.

-- Reported by Andrea Tse in New York

RELATED STORIES:

>>Do These Six Consumer Goods Stocks Have the Goods?

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.

Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.