Johnson & Johnson Declares Q3 Dividend

Johnson & Johnson has elected to maintain its dividend. The company declared a distribution of $0.66 per share, to be handed out on Sept. 10 to shareholders of record as of Aug. 27. That amount matches the company's previous distribution, which was paid in mid-June. Before that, Johnson & Johnson's disbursement was $0.61 per share.

One of the steadier dividend payers on the New York Stock Exchange, the company has lifted its payout over the years. Since June 2003, it has risen from $0.24 to the present level.

The just-declared dividend annualizes to $2.64 per share. That yields 2.9% at Johnson & Johnson's most recent closing stock price of $90.40.

The article Johnson & Johnson Declares Q3 Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Johnson & Johnson. The Motley Fool recommends and owns shares of Johnson & Johnson. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.