Recently Johnson & Johnson announced an increase of their quarterly dividend from $0,84 to $0,90. This is an increase of 7,1%. As a result of the dividend increase my yearly estimated dividend income increased with $3,60.
After the dividend increase the yield on cost is 2,75%.
Today I bought 5 more shares of Johnson & Johnson at a price of $126,9. My total number of J&J shares is now 15. With this purchase my average cost of J&J is decreasing from $132,69 to $ 130,76. J&J is down almost 15% down from a 52 week high and moving at a 52 weeks low price so I decided to buy a few more shares.
The estimated yearly dividend of Johnson & Johnson is $3,36 so the purchase of 5 shares will increase my yearly estimated dividend income with $16,80.
The current yield of Johnson & Johnson is 2,65%.