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-$0.02 (-0.15%)
05:37AM (15 mins delay)
Apr 27, 2009 - 10:09 AM EDT
Dobromir Stoyanov submits:Yet another notable dividend aristocrat raised its dividends last week following Procter and Gamble’s (PG) 10% dividend increase last week. This brings the total year to date dividend increases in the S&P dividend aristocrats index to 18, versus only 5 dividend cuts so far in 2009.
Johnson & Johnson (JNJ), which engages in the research and development, manufacture, and sale of various products in the health care field worldwide, announced a 6.50% boost in its quarterly dividend to $0.49 per share. Johnson & Johnson is a dividend aristocrat, which has rewarded its shareholders with an uninterrupted streak of increased dividends for 47 consecutive years. The stock currently yields 3.60%. Check out my analysis of Johnson & Johnson. I would consider adding on to my J&J stake as long as the stock is below $65.
Source: Seeking Alpha (Apr 27, 2009 - 10:09 AM EDT)
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