Johnson & Johnson (NYSE: JNJ) has one of the best dividend track records in the country. The healthcare giant has increased its dividend every year for more than six decades. That puts it in an elite group of dividend stocks.

Here's a closer look at the company's dividend payment, which is why many people invest in Johnson & Johnson.

Johnson & Johnson declared its latest dividend payment in mid-April. The healthcare behemoth raised its quarterly payment to $1.24 per share ($4.96 annualized), a 4.2% increase from the prior payout. The company will pay its next dividend on June 4, 2024 to those who own the stock by market close on May 21, 2024.

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Source Fool.com