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Johnson & Johnson raises quarterly dividend by 5.6% to 95 cents a share

Ciara Linnane

Consumer giant Johnson & Johnson said Thursday its board has approved a 5.6% increase in its quarterly dividend to 95 cents a share. The new dividend will be payable June 11 to shareholders of record as of May 28. Shares were slightly lower, but have gained 9.7% in the last 12 months, while the Dow Jones Industrial Average , which counts it as a member, has gained 9.4%.