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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Johnson and Johnson | NYSE:JNJ | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.73 | -0.49% | 148.54 | 150.05 | 147.91 | 149.67 | 5,043,334 | 01:00:00 |
Johnson & Johnson said it is lifting its quarterly dividend 7.1%.
The increase is "in recognition of our 2014 results, strong financial position and confidence in the future of Johnson & Johnson," said Chief Executive Alex Gorsky.
The increased dividend, to 75 cents a share from 70 cents a share, is payable on June 9 to shareholders of record as of the close of business on May 26, the company said.
Last week, the heath-care giant reported an 8.6% decline in first-quarter profit on a 4.1% sales drop and cut its outlook because of a stronger U.S. dollar and weak medical-device sales. Like many companies that do significant business outside of the U.S., J&J has felt the pressure of a currency that makes its products more expensive abroad.
J&J shares, down 4% this year, were little changed in recent trading.
Write to Lisa Beilfuss at lisa.beilfuss @wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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