Johnson & Johnson
JNJ55 yrs growthHealthcare · Drug Manufacturers - General · Stock · quarterly payer
Forward Yield
2.10%
Annual Dividend
$5.36
Payout Ratio
61%
5-Yr Growth
5.2%
Ex-Date
Nov 24, 2026
Frequency
Quarterly
Key facts about JNJ's dividend
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, Johnson & Johnson (JNJ) has a forward dividend yield of 2.10%, based on an annual dividend of $5.36 per share and a share price of $255.56.
- As of Oct 19, 2026, JNJ's dividend safety grade from SmarterDividends is A (94 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Johnson & Johnson (JNJ) has raised its dividend for 55 consecutive years as of Oct 19, 2026, which makes it a Dividend King. The company's own count can be longer, because SmarterDividends' payment records for most companies begin around 1970.
- JNJ has never cut its regular dividend in the payment history SmarterDividends has on record.
- JNJ's next ex-dividend date is Nov 24, 2026, with payment on Dec 8, 2026. Shares must be owned before that date to receive the dividend.
- As of Oct 19, 2026, JNJ pays out 61% of its trailing 12-month earnings as dividends (its payout ratio).
- JNJ's dividend has grown at an average rate of 5.2% a year over the past five years.
- As of Oct 19, 2026, JNJ's 2.10% yield is 26% below its five-year average yield of 2.84%.
- As of Oct 19, 2026, SmarterDividends' blended fair-value estimate for JNJ is $199.45 per share, 22% below the $255.56 share price, so JNJ screens as overvalued.
- Johnson & Johnson (JNJ) pays its dividend quarterly, 4 times a year.
- Johnson & Johnson (JNJ) has raised its regular dividend 55 times and cut it 0 times across the 227 payments on record since 1970. Its most recent change was a 3.1% increase to $1.34 per share, going ex-dividend on May 26, 2026.
- Johnson & Johnson (JNJ) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 3.1%, was declared on Apr 14, 2026.
Cite this page
SmarterDividends, "JNJ Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 19, 2026, https://smarterdividends.com/stocks/JNJ
Summary
As of Oct 19, 2026, Johnson & Johnson (JNJ) yields 2.10% ($5.36 a year per share), has a dividend safety grade of A (94/100) and has 55 consecutive years of dividend increases on record.
Is JNJ a good dividend stock?
YesJohnson & Johnson (JNJ) pays a quarterly dividend yielding 2.10% ($5.36/yr), with 55 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend King — 55 straight years of increases
- Never cut its dividend on record
- Strong 5.2% 5-yr dividend growth
- 64% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.10%
- Payout Ratio
- 61%
- Annual Dividend
- $5.36
- 5-Yr Avg Growth
- 5.2%
- Ex-Dividend Date
- Nov 24, 2026
- Years of Growth
- 55
- Frequency
- quarterly
- Beta
- 0.21
- Market Cap
- $615.9B
- P/E Ratio
- 38.8
- 5-Yr Total Return
- 64%
- 52-Week Range
- $184.66 – $281.07
- Dividend Safety
- A · 94/100
- Ever Cut?
- No
JNJ dividend raises and cuts
Johnson & Johnson (JNJ) has raised its regular dividend 55 times and cut it 0 times across the 227 payments on record since 1970. Its most recent change was a 3.1% increase to $1.34 per share, going ex-dividend on May 26, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 26, 2026 | Raise | $1.30 → $1.34 | +3.1% |
| May 27, 2025 | Raise | $1.24 → $1.30 | +4.8% |
| May 20, 2024 | Raise | $1.19 → $1.24 | +4.2% |
| May 22, 2023 | Raise | $1.13 → $1.19 | +5.3% |
| May 23, 2022 | Raise | $1.06 → $1.13 | +6.6% |
| May 24, 2021 | Raise | $1.01 → $1.06 | +5.0% |
| May 22, 2020 | Raise | $0.950 → $1.01 | +6.3% |
| May 24, 2019 | Raise | $0.900 → $0.950 | +5.6% |
| May 25, 2018 | Raise | $0.840 → $0.900 | +7.1% |
| May 25, 2017 | Raise | $0.800 → $0.840 | +5.0% |
| May 20, 2016 | Raise | $0.750 → $0.800 | +6.7% |
| May 21, 2015 | Raise | $0.700 → $0.750 | +7.1% |
Show all 55 changes since 1971
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 22, 2014 | Raise | $0.660 → $0.700 | +6.1% |
| May 23, 2013 | Raise | $0.610 → $0.660 | +8.2% |
| May 24, 2012 | Raise | $0.570 → $0.610 | +7.0% |
| May 26, 2011 | Raise | $0.540 → $0.570 | +5.6% |
| May 27, 2010 | Raise | $0.490 → $0.540 | +10.2% |
| May 21, 2009 | Raise | $0.460 → $0.490 | +6.5% |
| May 22, 2008 | Raise | $0.415 → $0.460 | +10.8% |
| May 24, 2007 | Raise | $0.375 → $0.415 | +10.7% |
| May 25, 2006 | Raise | $0.330 → $0.375 | +13.6% |
| May 13, 2005 | Raise | $0.285 → $0.330 | +15.8% |
| May 14, 2004 | Raise | $0.240 → $0.285 | +18.7% |
| May 16, 2003 | Raise | $0.205 → $0.240 | +17.1% |
| May 17, 2002 | Raise | $0.180 → $0.205 | +13.9% |
| May 18, 2001 | Raise | $0.160 → $0.180 | +12.5% |
| May 19, 2000 | Raise | $0.140 → $0.160 | +14.3% |
| May 14, 1999 | Raise | $0.125 → $0.140 | +12.0% |
| May 15, 1998 | Raise | $0.110 → $0.125 | +13.6% |
| May 16, 1997 | Raise | $0.0950 → $0.110 | +15.8% |
| May 17, 1996 | Raise | $0.0825 → $0.0950 | +15.2% |
| May 10, 1995 | Raise | $0.0725 → $0.0825 | +13.8% |
| May 11, 1994 | Raise | $0.0650 → $0.0725 | +11.5% |
| May 12, 1993 | Raise | $0.0575 → $0.0650 | +13.0% |
| May 13, 1992 | Raise | $0.0500 → $0.0575 | +15.0% |
| May 15, 1991 | Raise | $0.0425 → $0.0500 | +17.6% |
| May 16, 1990 | Raise | $0.0363 → $0.0425 | +17.2% |
| May 22, 1989 | Raise | $0.0313 → $0.0363 | +16.0% |
| May 18, 1988 | Raise | $0.0263 → $0.0313 | +19.0% |
| May 22, 1987 | Raise | $0.0219 → $0.0263 | +20.0% |
| May 23, 1986 | Raise | $0.0203 → $0.0219 | +7.7% |
| May 24, 1985 | Raise | $0.0188 → $0.0203 | +8.3% |
| May 21, 1984 | Raise | $0.0172 → $0.0188 | +9.1% |
| May 16, 1983 | Raise | $0.0156 → $0.0172 | +10.0% |
| May 17, 1982 | Raise | $0.0138 → $0.0156 | +13.6% |
| May 22, 1981 | Raise | $0.0120 → $0.0138 | +14.8% |
| May 19, 1980 | Raise | $0.0104 → $0.0120 | +15.0% |
| Feb 20, 1979 | Raise | $0.0089 → $0.0104 | +17.7% |
| Feb 10, 1978 | Raise | $0.0073 → $0.0089 | +21.4% |
| Feb 18, 1977 | Raise | $0.0052 → $0.0073 | +40.0% |
| May 17, 1976 | Raise | $0.0042 → $0.0052 | +25.0% |
| Aug 19, 1974 | Raise | $0.0031 → $0.0042 | +33.3% |
| May 20, 1974 | Raise | $0.0026 → $0.0031 | +20.0% |
| May 21, 1973 | Raise | $0.0021 → $0.0026 | +25.0% |
| May 17, 1971 | Raise | $0.0017 → $0.0021 | +25.0% |
Frequently Asked Questions
Is JNJ a good dividend stock?
Yes. Johnson & Johnson (JNJ) pays a quarterly dividend yielding 2.10% ($5.36/yr), with 55 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is JNJ undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, JNJ's fair value is about $199.45 versus a $255.56 share price — so it looks overvalued (-22% vs. fair value).
Is JNJ's dividend safe?
JNJ has a dividend-safety grade of A (94/100), based on its payout coverage, free-cash-flow, 55-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is JNJ's fair value?
Our blended fair-value estimate for JNJ is about $199.45 per share, about 22% below the current $255.56 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is JNJ a buy, hold, or sell?
We don't issue formal ratings, but on the data JNJ screens as "yes" and overvalued. Johnson & Johnson (JNJ) pays a quarterly dividend yielding 2.10% ($5.36/yr), with 55 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will JNJ cut its dividend?
JNJ earns a dividend-safety grade of A (94/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does JNJ pay a dividend?
Yes. Johnson & Johnson pays a quarterly dividend of about $5.36 per share annually, a forward yield of roughly 2.10%.
What is JNJ's dividend yield?
As of Oct 19, 2026, JNJ's forward dividend yield is 2.10%, based on a $5.36 annual dividend and a $255.56 share price.
What is JNJ's dividend per share?
As of Oct 19, 2026, JNJ pays $5.36 per share per year, distributed on a quarterly basis.
What is JNJ's dividend payout ratio?
As of Oct 19, 2026, JNJ's payout ratio is 61% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has JNJ grown its dividend?
As of Oct 19, 2026, JNJ has increased its dividend for 55 consecutive years.
When is the next JNJ ex-dividend date?
As of Oct 19, 2026, the next ex-dividend date on record for JNJ is Nov 24, 2026.
JNJ Price — Last 12 Months
Daily close
Price Return
1 Year
+24%
3 Years
+65%
5 Years
+64%
52-Week Range
$184.66 – $281.07
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is JNJ worth?
Overvaluedhigh confidenceOur blended fair-value estimate for Johnson & Johnson is $199.45 per share, versus a market price of $255.56. That implies 22% of downside.
Fair Value
$199.45
Current Price
$255.56
Downside
-22%
Margin of Safety
-28%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 12.7% annual free-cash-flow growth. We model 12.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $6.59 EPS, $5.36 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
JNJ Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full JNJ dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 25, 2026 | Sep 8, 2026 | $1.3400 | regular |
| May 26, 2026 | Jun 9, 2026 | $1.3400 | regular |
| Feb 24, 2026 | Mar 10, 2026 | $1.3000 | regular |
| Nov 25, 2025 | Dec 9, 2025 | $1.3000 | regular |
| Aug 26, 2025 | Sep 9, 2025 | $1.3000 | regular |
| May 27, 2025 | Jun 10, 2025 | $1.3000 | regular |
| Feb 18, 2025 | Mar 4, 2025 | $1.2400 | regular |
| Nov 26, 2024 | Dec 10, 2024 | $1.2400 | regular |
| Aug 27, 2024 | Sep 10, 2024 | $1.2400 | regular |
| May 20, 2024 | Jun 4, 2024 | $1.2400 | regular |
| Feb 16, 2024 | Mar 5, 2024 | $1.1900 | regular |
| Nov 20, 2023 | Dec 5, 2023 | $1.1900 | regular |
| Aug 25, 2023 | Sep 7, 2023 | $1.1900 | regular |
| May 22, 2023 | Jun 6, 2023 | $1.1900 | regular |
Income Calculator
At $5.36 / yr per share
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