Johnson & Johnson Boosts Quarterly Dividend

(RTTNews) - Johnson & Johnson (JNJ) said Thursday that its Board of Directors has declared a 6.1% increase in the quarterly dividend rate, from $0.66 per share to $0.70 per share.

At the new rate, the indicated dividend on an annual basis is $2.80 per share compared to the previous rate of $2.64 per share.

The next quarterly dividend is payable on June 10 to shareholders of record on May 27. The ex-dividend date is May 22.

"In recognition of our 2013 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the dividend for the 52nd consecutive year," said Alex Gorsky, Chairman and Chief Executive Officer of Johnson & Johnson.