Thursday, April 23, 2015
JNJ raises dividend 7.14% --- New yield is 2.99%
Well more good news came today via JNJ's dividend increase. Today JNJ announced they will be increasing their quarterly dividend from $.70 a share to $.75 a shares. This is a 7.14% increase and will bring the new yield up to 2.99%
The record date is May 26th and the pay date is June 9th.
This news is outstanding and with a 3% yield I am certainly going to continue adding more shares in the near future. I currently own 70.94 shares so my yearly dividends will increase by $14.19.
Hopefully IBM, XOM, and CVX deliver good news in the next week. All three of these companies have been battling their own issues throughout the last year, but typically deliver strong increases. I am expecting a double digit increase from IBM and low single digits from CVX and XOM.
Hopefully I am right.