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Johnson & Johnson raises dividend for 64th year amid strong cash flow and growth despite drug competition.

Company Fundamentals
04 Sep 2026
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Bullish
Johnson & Johnson raises dividend for 64th year amid strong cash flow and growth despite drug competition.

Johnson & Johnson has increased its dividend for the 64th consecutive year, paying $1.34 per share quarterly, reflecting a 3.1% raise. The company maintains a strong financial position with a payout ratio near 48%, supported by robust operating cash flow of $24.53 billion in 2025 against a $12.38 billion dividend payout. Despite competitive pressures on its drug STELARA, JNJ's innovative medicines continue to grow, with sales reaching $25.3 billion in Q2 2026 and adjusted EPS guidance raised for 2026. This steady growth and strong cash flow underpin JNJ's commitment to returning capital to shareholders, making its dividend attractive for income-focused investors.

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