NEW BRUNSWICK, N.J., April 26, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Johnson & Johnson (NYSE: JNJ) today announced that its Board of Directors has declared a 10.7% increase in the quarterly dividend rate, from $.375 per share to $.415 per share. The increase was announced this morning at the Annual Shareholders Meeting in New Brunswick, N.J.
"In recognition of our solid results in 2006, our strong financial position, and our confidence in the future of the corporation, the Board has voted to increase our dividend for the 45th consecutive year," said William C. Weldon, Chairman and Chief Executive Officer of the Company.
At the new rate, the indicated dividend on an annual basis is $1.66 per share compared to the previous rate of $1.50 per share. The next quarterly dividend is payable on June 12, 2007 to shareholders of record as of May 29, 2007.
Johnson & Johnson is the world's most comprehensive and broadly based manufacturer of health care products, as well as a provider of related services, for the consumer, pharmaceutical, and medical devices and diagnostics markets. The more than 250 Johnson & Johnson operating companies employ approximately 121,000 men and women in 57 countries and sell products throughout the world.
SOURCE Johnson & Johnson
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