Johnson & Johnson said Thursday morning that the company will be increasing its quarterly dividend rate to 84 cents per share from 80 cents per share, a 5% increase. The company made the change “in recognition of our 2016 results, strong financial position and confidence in the future of Johnson & Johnson,” Chairman and Chief Executive Officer Alex Gorsky said. The company reported a first-quarter earnings beat on April 19. Johnson & Johnson shares have surged 8.9% over the last three months, compared with a 3.9% rise in the S&P 500 .
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