Dividend Growth Gem Johnson & Johnson Hikes Dividend 7%

On Thursday, Johnson & Johnson (JNJ) boosted its dividend 7%, and we continue to expect strong growth in its payout in coming years. We believe J&J remains a core holding in our Dividend Growth Newsletter.

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— PR Newswire (April 26)

“…the Board of Directors voted to increase the quarterly dividend for the 50th consecutive year from 57 cents per share to 61 cents per share. The dividend will be payable on June 12, 2012.”