J&J’s Amazing Dividend Streak Continues

Johnson & Johnson (JNJ) just announced its 48th straight annual dividend increase. The company is raising its quarterly dividend by 10.2%, increasing it from 49 cents per share to 54 cents per share. I’ll give Alan Brochstein credit for getting it right on the nose. The stock now yields 3.3%.
As I pointed out earlier, a person who bought JNJ 25 years ago is now getting close 100% a year just in dividends.

Posted by Eddy Elfenbein on April 22nd, 2010 at 10:39 am

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