Did JNJ dividend increase in 2023?
New Brunswick, N.J. (April 18, 2023) – Johnson & Johnson today announced that its Board of Directors has declared a 5.3% increase in the quarterly dividend, from $1.13 per share to $1.19 per share.
Johnson & Johnson Announces Quarterly Dividend for First Quarter 2024. NEW BRUNSWICK, N.J.--(BUSINESS WIRE)-- Johnson & Johnson (NYSE: JNJ) today announced that its Board of Directors has declared a cash dividend for the first quarter of 2024 of $1.19 per share on the company's common stock.
Johnson & Johnson (Symbol: JNJ) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 3.0% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.
Dividend History and Growth
Johnson & Johnson ( JNJ ) dividend payments per share are an average of 5.62% over the past 12 months, 5.70% over the past 36 months, 5.83% over the past 60 months, and 6.14% over the past 120 months.
What does the J&J split mean for shareholders? If you currently own shares of Johnson & Johnson, when the company splits, you will own shares of both Johnson & Johnson – which will be the new pharmaceutical/medical device business – as well as shares of Kenvue, the new consumer health business.
When is Johnson & Johnson dividend payment date? Johnson & Johnson's next quarterly payment date is on Mar 05, 2024, when Johnson & Johnson shareholders who owned JNJ shares before Feb 16, 2024 received a dividend payment of $1.19 per share. Add JNJ to your watchlist to be reminded of JNJ's next dividend payment.
| STOCK | DIVIDEND AMOUNT (Rs) (TRAILING 1 YEAR) | AVERAGE DIVIDEND YIELD (%) |
|---|---|---|
| Taparia Tools Ltd. | 155 | 1111.11 |
| TV Today Network Ltd. | 73 | 33.11 |
| Vedanta Ltd. | 69 | 29.22 |
| Swastik Safe Deposit.. | 1 | 26.88 |
On a worldwide basis, 86% of listed companies either increased dividends or maintained them, according to the quarterly Janus Henderson Global Dividend Index (JHGDI) report, which also forecast that dividend payouts would hit a new record of $1.72 trillion this year.
Historical dividend payout and yield for Johnson & Johnson (JNJ) since 1972. The current TTM dividend payout for Johnson & Johnson (JNJ) as of March 28, 2024 is $4.76. The current dividend yield for Johnson & Johnson as of March 28, 2024 is 3.01%.
In the past, Johnson & Johnson may have been a good healthcare stock to comfortably hold in your portfolio. But that's no longer the case. Until there is a resolution to the talc-related issues, the stock is simply too big of a risk these days.
Should I keep JNJ stock?
Overall, the performance of JNJ stock with respect to the index has been quite volatile. Returns for the stock were 9% in 2021, 3% in 2022, and -11% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 24% in 2023 - indicating that JNJ underperformed the S&P in 2021 and 2023.
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Lately, J&J stock has been trading for 14.8x the midpoint of management's adjusted earnings expectation for 2024. This price is more than fair for a company that grew adjusted earnings by a double-digit percentage last year and could continue reporting gains at a high single-digit percentage in the years ahead.
Johnson & Johnson stock prediction for 1 year from now: $ 143.45 (-8.98%) Johnson & Johnson stock forecast for 2025: $ 166.77 (5.70%)
Although Johnson & Johnson has no upcoming stock split, the company plans to split into two by spinning off its consumer business (Kenvue) in November 2023.
J&J holders can swap all, some, or none of their shares. If holders do nothing, they will keep all of their J&J stock. This differs from a spinoff, in which holders of the parent company's stock automatically get shares of the spinoff company.
What happens to JNJ stock when the company splits? Once Johnson and Johnson splits, JNJ stock will only give traders and investors exposure to the medical device and pharmaceutical proceeds of the company.
Johnson & Johnson last month announced its intention to split off at least 80.1% of the shares of Kenvue. The separation enables the company to sharpen its focus on its MedTech and Pharmaceutical businesses. Today's announcement confirmed the final results of an exchange offer to shareholders, which expired on Aug. 18.
Johnson & Johnson stock (symbol: JNJ) underwent a total of 6 stock splits. The most recent stock split occured on June 13th, 2001.
The next Johnson & Johnson dividend is expected to go ex in 2 months and to be paid in 3 months. The previous Johnson & Johnson dividend was 119c and it went ex 1 month ago and it was paid 21 days ago. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 2.3.
Will stock go up after ex-dividend date?
With dividends, the stock price typically undergoes a single adjustment by the amount of the dividend. The stock price drops by the amount of the dividend on the ex-dividend date. Remember, the ex-dividend date is the day before the record date.
| Stock | Forward dividend yield |
|---|---|
| Exxon Mobil Corp. (XOM) | 3.5% |
| Johnson & Johnson (JNJ) | 3% |
| Procter & Gamble Co. (PG) | 2.3% |
| Home Depot Inc. (HD) | 2.4% |
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| Company | Dividend Yield |
|---|---|
| Altria Group (NYSE: MO) | 9.02% |
| Devon Energy (NYSE: DVN) | 6.73% |
| AT&T (NYSE: T) | 6.35% |
In addition to Visa, Warren Buffett also enjoys dividends from Chevron Corp (NYSE:CVX), Coca-Cola Co (NYSE:KO) and American Express Company (NYSE:AXP). In its October 2023 investor letter, Lakehouse Capital stated the following regarding Visa Inc. (NYSE:V):
