Johnson & Johnson has declared a dividend of $0.61 per share of common stock for its first quarter, the company announced in an official press release. The dividend will be disbursed on March 12 to shareholders of record as of the end of Feb. 26. The stock goes ex-dividend on Feb. 22.

The company's dividend policy has been steady since May of last year, when its quarterly payout was raised to $0.61 from the previous $0.57.

Although Johnson & Johnson has had some success recently, most notably with the Food and Drug Administration's approval of its tuberculosis drug Sirturo, it was plagued with a series of product recalls in 2012.

The article Johnson & Johnson Declares Dividend for Q1 originally appeared on Fool.com.

Eric Volkman has no positions in Johnson & Johnson. The Motley Fool owns shares of Johnson & Johnson. Motley Fool newsletter services recommend Johnson & Johnson. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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