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Johnson & Johnson Declares Q3 Dividend

Tuesday - 7/16/2013, 2:25pm  ET

Johnson & Johnson has elected to maintain its dividend. The company declared a distribution of $0.66 per share, to be handed out on Sept. 10 to shareholders of record as of Aug. 27. That amount matches the company's previous distribution, which was paid in mid-June. Before that, Johnson & Johnson's disbursement was $0.61 per share.

One of the steadier dividend payers on the New York Stock Exchange, the company has lifted its payout over the years. Since June 2003, it has risen from $0.24 to the present level.

The just-declared dividend annualizes to $2.64 per share. That yields 2.9% at Johnson & Johnson's most recent closing stock price of $90.40.

This article was originally published as Johnson & Johnson Declares Q3 Dividendon Fool.com

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