Johnson & Johnson (JNJ) Plans Quarterly Dividend of $0.66
Johnson & Johnson (NYSE:JNJ) announced a quarterly dividend on Thursday, January 2nd, Analyst Ratings.Net reports. Investors of record on Tuesday, February 25th will be paid a dividend of 0.66 per share on Tuesday, March 11th. This represents a $2.64 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, February 21st.
JNJ has been the subject of a number of recent research reports. Analysts at Guggenheim raised their price target on shares of Johnson & Johnson from $47.00 to $60.00 in a research note to investors on Tuesday, December 17th. On a related note, analysts at Robert W. Baird raised their price target on shares of Johnson & Johnson from $56.00 to $62.00 in a research note to investors on Monday, December 16th. Finally, analysts at Deutsche Bank raised their price target on shares of Johnson & Johnson from $93.00 to $95.00 in a research note to investors on Monday, December 16th. They now have a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $81.75.
Shares of Johnson & Johnson (NYSE:JNJ) opened at 91.59 on Thursday. Johnson & Johnson has a one year low of $70.30 and a one year high of $95.99. The stock’s 50-day moving average is $93.39 and its 200-day moving average is $90.52. The company has a market cap of $258.4 billion and a P/E ratio of 20.43.
Johnson & Johnson (NYSE:JNJ) last announced its earnings results on Tuesday, October 15th. The company reported $1.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.32 by $0.04. The company had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.46 billion. During the same quarter last year, the company posted $1.25 earnings per share. Johnson & Johnson’s revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that Johnson & Johnson will post $5.48 earnings per share for the current fiscal year.
Johnson & Johnson is a holding company. The Company is engaged in the research and development, manufacture and sale of a broad range of products in the health care field.
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