Johnson & Johnson (JNJ) will increase its quarterly dividend by 5.6 percent to $0.95 per share in the second quarter of 2019. This marks the 57th consecutive year of annual dividend increases by the Dividend Aristocrat.

The next quarterly dividend is payable on June 11, 2019 to shareholders of record as of the close of business on May 28, 2019. At the new rate, the indicated dividend on an annual basis is $3.80 per share, yielding 2.7% at the current stock price of $139.65.

"In recognition of our 2018 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the quarterly dividend for the 57th 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.