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At the new rate, the indicated dividend on an annual basis is $1.00 compared to the previous rate of $0.88. The next quarterly dividend is payable on June 9 to shareowners of record as of May 19.
On April 14, Johnson & Johnson announced sales and earnings for the first quarter of 1998. Sales of $5.8 billion and net earnings of $1.0 billion increased by 1.2% and 11.1% respectively over 1997 first-quarter results.
Johnson & Johnson, with approximately 91,400 employees, is the world’s most comprehensive and broadly-based manufacturer of health care products, as well as a provider of related services, for the consumer, pharmaceutical and professional markets. Johnson & Johnson has 180 operating companies in 51 countries around the world, selling products in more than 175 countries.