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Johnson & Johnson Lifts Dividend

By Eric Volkman - Apr 25, 2013 at 5:05PM

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The sturdy conglomerate cranks its payout by 8%.

Johnson & Johnson (JNJ 1.39%) is continuing its long tradition of boosting the money it returns to shareholders. The company has declared a quarterly dividend of $0.66 per share of its stock, to be paid on June 11 to shareholders of record as of May 28. This represents an increase of 8% over the previous payout of $0.61, which was dispensed in February.

The company is a steady dividend payer, and it typically raises that distribution once per year. This is the 51st consecutive year it has done so.

The new dividend annualizes to $2.64 per share. That yields 3.1% at Johnson & Johnson's current stock price of $85.21.

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