Dividend Changes: Johnson & Johnson, Exxon Mobil, Sandy Spring Bancorp, Sensient Technologies
Johnson & Johnson (NYSE:JNJ) announced that its board has declared a 7% increase in the quarterly dividend rate, from 57c per share to 61c per share. “In recognition of our 2011 results, our strong financial position, and confidence in the future of Johnson & Johnson, the Board has voted to increase the dividend for the 50th consecutive year,” said William Weldon, CEO of the company. At the new rate, the indicated dividend on an annual basis is $2.44 per share compared to the previous rate of $2.28 per share. The next quarterly dividend is payable on June 12 to shareholders of record as of May 29.
Exxon Mobil Corp. (NYSE:XOM) raised its dividend approximately 21% to $0.57 per quarter.
Sandy Spring Bancorp Inc. (NASDAQ:SASR) the parent company of Sandy Spring Bank, announced that the board of directors has declared a quarterly common stock dividend of 12c per share payable May 16 to shareholders of record on May 9. This dividend represents a 2c per share increase over the dividend paid in Q1 of 2012.
Sensient Technologies Corporation (NYSE:SXT): The Board of Directors of Sensient Technologies declared a regular quarterly cash dividend on its common stock of 22c per share, an increase of 1c per share per quarter. The cash dividend will be paid on June 1 to shareholders of record on May 9.
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