Couple of things for discussion: Dividend and split
1. I admit I was expecting a bit more than a 6.1% dividend increase. I felt the company would at least get us in the 7.5-8.3% range ($2.84-2.86 annual dividend). I felt that was more than doable and a proportionate increase.
2. I've been LONG JNJ for several years and will likely never sell a share. But to the long-time LONGS (those who have held JNJ for many years), how much longer do you see this sitting over $99-100+ a share before the company strongly considers a stock split? I'm a little surprised MMM, CVX and KMB have not announced splits.
I've held the stock since 1980. That would be for 5 splits and if you look at the statistics, the stock doesn't stay at the split level for very long.... I do see JNJ doing an off the cuff split (i.e. they NORMALLY announce a split at the annual shareholders meeting) but they have split outside that timeframe. So with that said, I see JNJ announcing a possible 2-for-1 split after the next quarters results in either July or October.... Watch and Learn....:o)