February 16, 2025

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Business is my step

Johnson & Johnson Declares Clean Dividend Generate Is 2.6%

2 min read

The beginning of the yr is total of signature events. For several earnings traders, Johnson & Johnson‘s (NYSE:JNJ) 1st dividend declaration is just one of them — the pharmaceutical large reliably declares a payout on or close to the initially investing working day of a new year.

For 2021, that occasion happened ideal on routine: On Monday, Johnson & Johnson’s board of directors declared that its subsequent quarterly payout will be $1.01 for each share. It will be dispensed on March 9 to stockholders of file as of Feb. 23. At the present share value, that amount would present an annualized generate of 2.6%.

Gloved hand holding a beaker full of money.

Image supply: Getty Visuals.

The firm is a longstanding beloved of cash flow traders, as it is a Dividend Aristocrat — just one of the relatively several S&P 500 part organizations that have lifted their distributions at least the moment each year for a minimal of 25 several years managing. Johnson & Johnson has one of the longest these types of streaks going, at 57 years so considerably.

This payout, nevertheless, will be the same as the last one. Johnson & Johnson tends to make its raises with its spring dividend declarations. The final hike came in April 2020, and was a 6% improve.

Johnson & Johnson’s broad organization profile sets it apart from its pharmaceutical business peers. In addition to its drug-generating pursuits, it also has a large, very well-established existence in the customer goods market with a broad vary of healthcare-linked products (Band-Help and Tylenol becoming among the the more distinguished illustrations). The latter segment generates solid and reputable hard cash move that can help fund its dividend hikes.

On Monday, Johnson & Johnson’s stock closed down by .6%, despite the fact that that was a far better result than the S&P 500 index, which slid by 1.5%. 

 

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