Johnson & Johnson hikes dividend by 6.6%

Johnson & Johnson (JNJ) will increase its quarterly dividend by 6.6 percent to $1.13 per share in 2022. This follows a dividend hike of 5.0 percent to $1.06 per share in 2021 and marks the 60th consecutive year of annual dividend increases by the Dividend Aristocrat. The dividend yield for JNJ is 2.6% at a stock price of $171.

Johnson & Johnson is engaged in the research and development, manufacture and sale of a broad range of products in the health care field. The company's three business segments are: Consumer, Pharmaceutical and Medical Devices. Johnson & Johnson is a holding company with operating companies conducting business worldwide. The company was incorporated in the State of New Jersey in 1887. Johnson & Johnson has paid a dividend every year to shareholders since 1944.