Johnson & Johnson Keeps Dividend Streak Alive with 64 Consecutive Years

Johnson & Johnson has increased its dividend for an impressive 64 consecutive years. This achievement puts it in rare company, as only nine publicly traded stocks can claim a longer streak of rising dividends.

The company's quarterly dividend was recently raised by 3.1% to $1.34 per share, making the new annual dividend $5.36 per share.

For investors who own $10,000 in J&J stock, this translates to approximately 38 shares at the current price of about $260 per share, resulting in an estimated annual dividend income of $204.

The forward dividend yield for Johnson & Johnson is a modest 2.07%, lower than many stocks in the S&P 500, but investors are also rewarded with strong price appreciation, with the stock up 50% over the past 52 weeks and climbing 26% so far this year.