Johnson & Johnson has announced that its Board of Directors declared a 6.1% increase in the quarterly dividend rate, from $0.66 per share to $0.70 per share.

Alex Gorsky, chairman/CEO, J&J, commented:

“In recognition of our 2013 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the dividend for the 52nd consecutive year.”

At the new rate, the indicated dividend on an annual basis is $2.80 per share compared to the previous rate of $2.64 per share. The next quarterly dividend is payable on June 10, 2014 to shareholders of record at the close of business on May 27, 2014. The ex-dividend date is May 22, 2014.