Dividend Aristocrats Week in Review for April 26, 2014: Johnson & Johnson Increases Dividend for 52nd Year

Two Dividend Aristocrats announced dividend events this week, with one recording its 52nd consecutive year of dividend increases.

Johnson & Johnson has grown their dividend since 1962 and this week announced another increase. Photo courtesy Austin Kirk via Flickr.com

Johnson & Johnson has grown their dividend since 1962 and this week announced another increase.
Photo courtesy Austin Kirk via Flickr.com

Health care and consumer products company Johnson & Johnson (JNJ: Current Quote, Company Overview), a member of the Dow Jones Industrial Average, announced an increase in its quarterly dividend payout.  The new dividend, payable on June 10th to shareholders of record on May 27th, will be 70 cents, up 6.06% from 66 cents.  The increase is slightly below Johnson & Johnson’s 5 year compounded dividend growth rate of 7.6% and below last year’s dividend increase of 8.2%.  With an annual dividend of $2.80 the stock yields 2.81% at current prices.  Johnson & Johnson began increasing dividends in 1962 and became a Dividend Aristocrat in 1987.

Global investment manager T. Rowe Price (TROW) announced their latest quarterly dividend of 44 cents this week.  The dividend is payable on June 27th to shareholders of record of June 13th.  The company, which manages over $700 billion for individual and institutional investors, has increased dividends for 28 years and in February 2014 announced a 15.8% increase in the quarterly dividend.  At current prices, T. Rowe Price stock yields 2.16%.

 

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