Johnson & Johnson raises quarterly dividend 4.8% to $1.30 from $1.24 per share

Johnson & Johnson announced that its Board of Directors has declared a 4.8% increase in the quarterly dividend, from $1.24 per share to $1.30 per share, marking the 63rd year of consecutive increases. At the new rate, the indicated dividend on an annual basis is $5.20 per share compared to the previous rate of $4.96 per share. The next quarterly dividend is payable on June 10 to shareholders of record at the close of business on May 27. The ex-dividend date is May 27.