By Colin Kellaher


Johnson & Johnson on Tuesday said its board raised the quarterly dividend by 5.3%, to $1.19 from $1.13.

The new payout, equal to $4.76 a year, represents an annual yield of about 2.87% based on Monday's closing price of $165.67, up from 2.73%.

The New Brunswick, N.J., healthcare giant said the increased dividend is payable June 6 to shareholders of record May 23.


Write to Colin Kellaher at colin.kellaher@wsj.com


(END) Dow Jones Newswires

04-18-23 0804ET