(NYSE:JNJ) is an old stalwart, known for being one of the most reliable stocks for dividend investors. It is among an elite class of companies that have increased their dividend payouts every year for at least 25 years. They’re known as the “Dividend Aristocrats.” In the case of J&J, it has increased its dividend for 53 straight years. J&J earnings for the first quarter were reported before the opening bell on Tuesday and one thing on investors’ minds is if JNJ stock will keep dishing out the dividends. Let’s find out.
Johnson & Johnson had an impressive first quarter, beating earnings expectations even with foreign exchange rates negatively affecting revenue growth. The quarter was so good for the healthcare giant that it raised its guidance for the rest of the year.
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Source: Profit Confidential