LONDON, UK / ACCESSWIRE / May 24, 2018 / Active-Investors has a free review on Johnson & Johnson (NYSE: JNJ) following the Company's announcement that it will begin trading ex-dividend on May 25, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on May 24, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on JNJ:
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On April 26, 2018, Johnson & Johnson announced that its Board of Directors has declared a 7.1% increase in the quarterly dividend rate from $0.84 per share to $0.90 per share.
"In recognition of our 2017 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the quarterly dividend for the 56th consecutive year," said Alex Gorsky, Chairman and Chief Executive Officer of the company.
The next quarterly dividend is payable on June 12, 2018, to shareholders of record as of the close of business on May 29, 2018.
Johnson & Johnson's indicated dividend represents a yield of 2.91%, which is more than four times higher than to the average dividend yield of 0.68% for the Healthcare sector. The Company has raised its dividend for fifty-six consecutive years.
Johnson & Johnson has a dividend payout ratio of 44.3%, which denotes that the Company spends approximately $0.44 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Johnson & Johnson is forecasted to report earnings of $8.58 per share for the next year, which is more than double compared to the Company's annualized dividend of $3.60 per share.
As of April 01, 2018, Johnson & Johnson's cash and cash equivalents totaled $14.64 billion compared to $17.82 billion as on December 31, 2017. For the three months ended April 01, 2018, the Company's net cash flow from operating activities was $3.61 billion compared to $2.91 billion for the year ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for Johnson & Johnson
On May 14, 2018, DePuy Synthes Products, Inc., part of the Johnson & Johnson Medical Devices companies, announced that it has signed a definitive agreement to acquire the assets of Medical Enterprises Distribution, LLC, a privately held developer of surgical impactor technology, including the automated ME1000™ Surgical Impactor for use in hip replacement.
The transaction is expected to close in the second quarter of 2018. The closing is subject to antitrust clearance and other customary closing conditions. Financial terms of the acquisition are not being disclosed.
The ME1000 is a battery-powered device that automates bone preparation, implant assembly, and positioning in Total Hip Arthroplasty (THA). It is designed to replace the handheld mallet used in the procedure, leading to more consistent clinical outcomes while also helping to reduce surgeon fatigue as well as the potential for work-related injuries that can arise from mallet use.
Stock Performance Snapshot
May 23, 2018 - At Wednesday's closing bell, Johnson & Johnson's stock slightly rose 0.44%, ending the trading session at $123.45.
Volume traded for the day: 4.93 million shares.
After yesterday's close, Johnson & Johnson's market cap was at $331.12 billion.
Price to Earnings (P/E) ratio was at 22.77.
The stock has a dividend yield of 2.72%.
The stock is part of the Healthcare sector, categorized under the Drug Manufacturers - Major industry. This sector was up 0.2% at the end of the session.
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