Dividend Aristocrat Johnson & Johnson (JNJ) will increase its quarterly dividend by 7.1 percent to $0.90 per share in the second quarter of 2018. The new dividend yield for JNJ is 2.8%.

The next quarterly dividend is payable on June 12, 2018 to shareholders of record as of the close of business on May 29, 2018. The ex-dividend date is May 25, 2018.

"In recognition of our 2017 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the quarterly dividend for the 56th consecutive year," said Alex Gorsky, Chairman and Chief Executive Officer of the company.

Johnson & Johnson is engaged in the research and development, manufacture and sale of a broad range of products in the health care field. The company's three business segments are: Consumer, Pharmaceutical and Medical Devices. Johnson & Johnson is a holding company with operating companies conducting business worldwide. The company was incorporated in the State of New Jersey in 1887.