Johnson & Johnson (JNJ) has just announced at their annual meeting that the company was increasing the quarterly dividend from $0.46 to $0.49 -- a 6.5% increase.
Considering that 1st-quarter earnings were stable (at $1.26), this is a signal from the company as to its confidence in the future. This brings the payout ratio to 42%, which is quite reasonable. The dividend yield now stands at about 3.8% (much higher than the 5-year average of 2.3%).
I own some shares of JNJ in my DRiP portfolio. :o)
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