It's about that time of the year when a lot of the classic dividend growers increase their dividends. One of those is a favorite of mine that I've been following for awhile, Johnson & Johnson (NYSE:JNJ). J&J is expected to increase its dividend at or before its annual meeting of shareholders in April. This article takes a look at J&J and what kind of dividend increase shareholders can expect this year. This article also looks at the company's preliminary 2017 guidance, and whether J&J can be picked up by income investors at this time.
A steady dividend grower
Since the year 2000 J&J has averaged 10+% dividend growth per year. Since 2007 J&J has averaged 8% dividend growth. The big question is 'will this trend continue?' To find out, we must look at several factors, and I'd like to start by looking earnings and sales growth expectations for 2017.
