By Ezequiel Minaya

Johnson & Johnson said Thursday it had approved an 6.7% increase to its quarterly dividend to 80 cents per share.

The next quarterly dividend is slated to be paid June 7 to shareholders of record as of the close of business on May 24.

The New Brunswick, N.J., announced earlier this month that it was raising it guidance after beating earnings expectations in the first quarter despite foreign exchange rates depressing revenue growth.

Write to Ezequiel Minaya at Ezequiel.Minaya@wsj.com

(END) Dow Jones Newswires

April 28, 2016 14:17 ET (18:17 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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