Johnson & Johnson (JNJ, Financial) has revealed a 4.8% enhancement in its quarterly dividend, raising it from $1.24 per share to $1.30 per share. This marks the 63rd consecutive year that the company has increased its payout to shareholders.
With the new quarterly dividend rate, the annual dividend now stands at $5.20 per share, up from the previous $4.96 per share. The forthcoming dividend payment is scheduled for June 10, with eligibility extending to shareholders documented by the close of business on May 27. The ex-dividend date is also slated for May 27.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for Johnson & Johnson (JNJ, Financial) is $170.47 with a high estimate of $185.00 and a low estimate of $150.00. The average target implies an upside of 10.44% from the current price of $154.36. More detailed estimate data can be found on the Johnson & Johnson (JNJ) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Johnson & Johnson's (JNJ, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Johnson & Johnson (JNJ, Financial) in one year is $187.89, suggesting a upside of 21.72% from the current price of $154.36. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Johnson & Johnson (JNJ) Summary page.
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