NEW BRUNSWICK (dpa-AFX) - Healthcare products maker Johnson & Johnson (JNJ) said Thursday that its Board of Directors has declared a 7.1% increase in the quarterly dividend rate, from $0.70 per share to $0.75 per share.
The next quarterly dividend is payable on June 9 to shareholders of record on May 26. The ex-dividend date is May 21.
'In recognition of our 2014 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the quarterly dividend for the 53rd consecutive year,' said Alex Gorsky, Chairman and Chief Executive Officer of Johnson & Johnson.
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