Johnson & Johnson Has Increased Its Dividend for 64 Consecutive Years. Here's How Much $10,000 Invested in the Dividend King Pays Annually.
The pharmaceutical icon's dividend yield has been pared back by the stock's recent rally, driven by a new growth initiative.
Overview
It's certainly not the market's most exciting stock, and not its highest-yielding one either. If you want reliable dividend growth, though, you'd be hard-pressed to find a better option than drugmaker Johnson & Johnson (NYSE: JNJ).
In fact, after 64 straight years of annual dividend increases -- and counting -- only eight other Dividend Kings (companies that have raised their dividends for at least 50 consecutive years) can boast a longer streak of yearly dividend growth.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.