By Will Feuer

Johnson & Johnson said its board of directors has increased the company's quarterly dividend by 6.6% to $1.13 a share.

"In recognition of our 2021 results, strong financial position, and confidence in the future of Johnson & Johnson, the Board of Directors has voted to increase the quarterly dividend for the 60th consecutive year," Chief Executive Joaquin Duato said.

That brings the indicated dividend on an annual basis to $4.52 a share, up from the previous rate of $4.24 a share.

Write to Will Feuer at Will.Feuer@wsj.com

(END) Dow Jones Newswires

April 19, 2022 06:42 ET (10:42 GMT)

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