Johnson & Johnson (NYSE:JNJ) Declares Quarterly Dividend of $0.84
Johnson & Johnson (NYSE:JNJ) declared a quarterly dividend on Monday, July 17th, RTT News reports. Investors of record on Tuesday, August 29th will be given a dividend of 0.84 per share on Tuesday, September 12th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, August 25th.
Johnson & Johnson has raised its dividend payment by an average of 6.7% annually over the last three years and has increased its dividend every year for the last 54 years. Johnson & Johnson has a dividend payout ratio of 47.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Johnson & Johnson to earn $7.72 per share next year, which means the company should continue to be able to cover its $3.36 annual dividend with an expected future payout ratio of 43.5%.
Johnson & Johnson (JNJ) traded down 0.48% on Monday, hitting $131.97. 915,752 shares of the company were exchanged. The company has a 50 day moving average price of $130.42 and a 200-day moving average price of $122.68. The stock has a market capitalization of $355.51 billion, a P/E ratio of 22.18 and a beta of 0.78. Johnson & Johnson has a 52 week low of $109.32 and a 52 week high of $137.00.
Johnson & Johnson (NYSE:JNJ) last announced its quarterly earnings data on Tuesday, April 18th. The company reported $1.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.06. Johnson & Johnson had a net margin of 22.87% and a return on equity of 26.50%. The company had revenue of $17.77 billion for the quarter, compared to the consensus estimate of $18.02 billion. During the same period in the prior year, the firm posted $1.68 EPS. Johnson & Johnson’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities analysts expect that Johnson & Johnson will post $7.10 earnings per share for the current fiscal year.
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Several equities analysts have issued reports on the stock. Vetr cut shares of Johnson & Johnson from a “buy” rating to a “hold” rating and set a $128.90 target price on the stock. in a research note on Monday, May 8th. Wells Fargo & Company restated a “market perform” rating and set a $135.00 target price (up previously from $132.00) on shares of Johnson & Johnson in a research note on Thursday, July 6th. UBS AG restated a “buy” rating and set a $136.00 target price on shares of Johnson & Johnson in a research note on Monday, May 15th. J P Morgan Chase & Co upgraded shares of Johnson & Johnson from a “neutral” rating to an “overweight” rating and upped their target price for the company from $123.64 to $140.00 in a research note on Monday, May 15th. Finally, BidaskClub cut shares of Johnson & Johnson from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $133.65.
Johnson & Johnson Company Profile
Johnson & Johnson is a holding company, which is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. It operates through three segments: Consumer, Pharmaceutical and Medical Devices. Its primary focus is products related to human health and well-being.
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