By Colin Kellaher
Johnson & Johnson's board raised the healthcare giant's quarterly dividend by 4.2%, to $1.24 from $1.19.
The new payout, equal to $4.96 a year, represents an annual yield of about 3.36% based on Monday's closing price of $147.59, up from 3.23%.
The New Brunswick, N.J., company on Tuesday said the increased dividend is payable June 4 to shareholders of record May 21.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
04-16-24 0648ET