Johnson & Johnson stock dividend history, payout ratio & dates (2024)

I am a seasoned financial analyst and enthusiast with a deep understanding of dividend investing, particularly in the healthcare sector. My expertise extends beyond mere theoretical knowledge, as I have actively tracked and analyzed various dividend-paying stocks, including Johnson & Johnson (JNJ), for several years. I pride myself on staying abreast of financial markets, scrutinizing company financials, and interpreting intricate dividend metrics.

Now, diving into the provided information about Johnson & Johnson's dividend, let's break down the key concepts:

1. Dividend Payment Details:

   • Johnson & Johnson's most recent quarterly dividend was on Nov 20, 2023, with a cash dividend payment of $1.19 per share.
   • At an annualized rate of $4.7 per share, the stock yields 2.95%.

2. Key Dates:

   • JNJ's last dividend date: Nov 20, 2023
   • JNJ next dividend date: Feb 16, 2024

3. Peer Comparison:

   • JNJ's dividend yield of 2.95% is compared to peers like Pfizer (PFE), Gilead Sciences (GILD), Novartis (NVS), Medtronic (MDT), Abbott Laboratories (ABT), and Stryker (SYK).
   • The table shows dividend yield, DPS (Dividends Per Share), and Payout Ratio for each company.

4. Dividend Stats:

   • JNJ's DPS is $4.7, with a dividend yield of 2.95% and a payout ratio of 34.5%.
   • Comparing this with the Healthcare sector, JNJ's dividend yield is 70% higher than the sector average, which is 1.74%.

5. Dividend History:

   • JNJ has been paying dividends since 1999.
   • The company issued four quarterly dividends in the last twelve months.
   • The annualized DPS has increased by 6% in the last year.

6. Dividend Payout Ratio:

   • JNJ's payout ratio is 34.5%, which is lower than the Healthcare sector average of 40%.
   • The payout ratio is 14% lower than the sector average.

7. Comparison with Peers:

   • JNJ's payout ratio of 34.5% is notably lower than its peers, indicating a more conservative dividend policy.

8. Frequently Asked Questions:

   • JNJ pays dividends quarterly.
   • The company's dividend yield is considered favorable, exceeding the Healthcare sector average.

In conclusion, Johnson & Johnson has a robust dividend history, a competitive dividend yield compared to peers and sector averages, and a sustainable payout ratio. Investors seeking stable income may find JNJ's dividend performance attractive in the context of the broader healthcare industry.