Johnson & Johnson (NYSE: JNJ – $139.65) announced that its Board of Directors has declared a 5.6% increase in the quarterly dividend rate from $0.90 to $0.95 per share. This is the 57th consecutive year the Brunswick, New Jersey-based health care company increased its payout. At the new rate, the indicated dividend on an annual basis is $3.80 per share compared to the previous rate of $3.60, and will yield 2.7% at current quotations. The next quarterly dividend is payable on June 11, 2019 to shareholders of record as of the close of business on May 28, 2019. The ex-dividend date is May 24, 2019.