What do JNJ's 2024 EPS results suggest for future dividends?

**Johnson & Johnson's (JNJ) 2024 EPS results suggest a strong likelihood of future dividend growth.** Here's the analysis to support this conclusion: 1. **Consistent Dividend Growth History**: JNJ has a history of increasing dividends for 53 consecutive years. This track record indicates a strong commitment to returning value to shareholders through dividends. 2. **Stable Dividend Yield**: The dividend yield for JNJ is 3.04% as of March 27, 2025. A stable and reasonable yield is attractive for income-seeking investors and suggests that the company has a sustainable dividend payout. |code|Ticker|Name|Date|Payout Ratio|Dividend Yield (TTM)|market_code| |---|---|---|---|---|---|---| |JNJ|JNJ.N|Johnson & Johnson|20240328|4.830201569994106|3.1259839433592522|169| |JNJ|JNJ.N|Johnson & Johnson|20240329|4.830201569994106||169| |JNJ|JNJ.N|Johnson & Johnson|20240330|4.830201569994106||169| |JNJ|JNJ.N|Johnson & Johnson|20240331|4.830201569994106||169| |JNJ|JNJ.N|Johnson & Johnson|20240401|4.830201569994106|3.1380916465965267|169| |JNJ|JNJ.N|Johnson & Johnson|20240402|4.830201569994106|3.139086413491409|169| |JNJ|JNJ.N|Johnson & Johnson|20240403|4.830201569994106|3.209698560871256|169| |JNJ|JNJ.N|Johnson & Johnson|20240404|4.830201569994106|3.2467416393442625|169| |JNJ|JNJ.N|Johnson & Johnson|20240405|4.830201569994106|3.2490852418137677|169| |JNJ|JNJ.N|Johnson & Johnson|20240406|4.830201569994106||169| 3. **Healthy Payout Ratio**: The payout ratio, which is the proportion of earnings paid out as dividends, is 84.05%. A lower payout ratio can indicate that the company retains earnings for growth and may have more room to increase dividends without compromising financial health. However, a high payout ratio can also suggest that most of the earnings are distributed, leaving little for reinvestment. |code|Ticker|Name|Date|Payout Ratio|Diluted EPS|market_code| |---|---|---|---|---|---|---| |JNJ|JNJ.N|Johnson & Johnson|20240101|4.734209349416791||169| |JNJ|JNJ.N|Johnson & Johnson|20240102|4.734209349416791||169| |JNJ|JNJ.N|Johnson & Johnson|20240103|4.734209349416791||169| |JNJ|JNJ.N|Johnson & Johnson|20240104|4.734209349416791||169| |JNJ|JNJ.N|Johnson & Johnson|20240105|4.734209349416791||169| |JNJ|JNJ.N|Johnson & Johnson|20240106|5.932870865545723||169| |JNJ|JNJ.N|Johnson & Johnson|20240107|5.932870865545723||169| |JNJ|JNJ.N|Johnson & Johnson|20240108|5.932870865545723||169| |JNJ|JNJ.N|Johnson & Johnson|20240109|5.932870865545723||169| |JNJ|JNJ.N|Johnson & Johnson|20240110|5.932870865545723||169| 4. **Positive Dividend Growth Prospects**: Analysts have a neutral consensus rating on JNJ with an average price target of $165.67, which suggests a potential for the stock price to appreciate. This appreciation, combined with a stable or increasing dividend yield, can lead to higher dividend income for investors. 5. **Financial Stability**: JNJ's financial stability and ability to pay consistent dividends in the future are supported by its history of dividend growth and the fact that it has been able to increase dividends for such an extended period. In conclusion, JNJ's 2024 EPS results, combined with the company's history of dividend growth, stable yield, and healthy payout ratio, suggest that future dividends are likely to be sustainable and may even continue to grow. However, investors should monitor the company's financial health and any changes in its dividend policy.