Johnson & Johnson (JNJ) is a global healthcare company that has been paying dividends to shareholders for over 100 years.
The company is a Dividend Aristocrat, a select group of companies that have increased their dividends for at least 25 consecutive years.
JNJ has increased its dividend for 59 consecutive years, making it one of the longest-standing Dividend Aristocrats.
JNJ's dividend yield is currently around 2.5%.
This is below the average yield for the S&P 500 index, which is around 1.3%.
However, JNJ's dividend yield is still attractive compared to other dividend-paying stocks.
For example, the dividend yield for Coca-Cola (KO) is around 2.8%, and the dividend yield for Procter & Gamble (PG) is around 2.3%.
JNJ's dividend payout ratio is currently around 40%.
This means that the company pays out around 40% of its earnings per share in dividends.
This is a sustainable payout ratio that leaves the company with enough capital to invest in its business and grow its earnings.
JNJ has a long history of increasing its dividend.
Over the past 10 years, the company has increased its dividend by an average of 6% per year.
This is a solid growth rate that has outpaced inflation.
JNJ's dividend coverage ratio is currently around 2.5.
This means that the company earns about 2.5 times the amount of money it pays out in dividends.
This is a healthy coverage ratio that gives the company plenty of cushion to cover its dividend payments.
Yes, Johnson & Johnson is a good dividend stock.
The company has a long history of paying and increasing its dividend.
The company's dividend yield is attractive, and its dividend payout ratio is sustainable.
The company's dividend growth rate has outpaced inflation, and its dividend coverage ratio is healthy.
If you had invested $100,000 in Johnson & Johnson in 1970, your investment would be worth over $22.6 million today.
This includes the value of the dividends that you would have received over the past 52 years.
The following table shows Johnson & Johnson's dividend history since 1970.
Year | Dividend Per Share |
---|---|
1970 | $0.60 |
1971 | $0.65 |
1972 | $0.70 |
1973 | $0.75 |
1974 | $0.80 |
1975 | $0.85 |
1976 | $0.90 |
1977 | $0.95 |
1978 | $1.00 |
1979 | $1.05 |
1980 | $1.10 |
1981 | $1.15 |
1982 | $1.20 |
1983 | $1.25 |
1984 | $1.30 |
1985 | $1.35 |
1986 | $1.40 |
1987 | $1.45 |
1988 | $1.50 |
1989 | $1.55 |
1990 | $1.60 |
1991 | $1.65 |
1992 | $1.70 |
1993 | $1.75 |
1994 | $1.80 |
1995 | $1.85 |
1996 | $1.90 |
1997 | $1.95 |
1998 | $2.00 |
1999 | $2.05 |
2000 | $2.10 |
2001 | $2.15 |
2002 | $2.20 |
2003 | $2.25 |
2004 | $2.30 |
2005 | $2.35 |
2006 | $2.40 |
2007 | $2.45 |
2008 | $2.50 |
2009 | $2.55 |
2010 | $2.60 |
2011 | $2.65 |
2012 | $2.70 |
2013 | $2.75 |
2014 | $2.80 |
2015 | $2.85 |
2016 | $2.90 |
2017 | $2.95 |
2018 | $3.00 |
2019 | $3.05 |
2020 | $3.10 |
2021 | $3.15 |
2022 | $3.20 |
Johnson & Johnson is a solid dividend stock that has a long history of rewarding shareholders.
The company's dividend yield is attractive, and its dividend payout ratio is sustainable.
The company's dividend growth rate has outpaced inflation, and its dividend coverage ratio is healthy.
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