We have seen many dividend suspension since the corona chaos, but this morning we have an announced increase in dividends from Johnson & Johnson (JNJ). JNJ announced earnings this morning and its dividend that will go ex on 5/22/2020 and raised div from $0.97 to $1.01 a change of +4%. JNJ is up 3% to $144 in pre-market trading. ORATS earn move report below reflects the options market expectation of a $2.82 move by the close today.

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Interestingly, the options market was expecting JNJ to announce its ex dividend date as after the 5/22/20 expiration. That expiration had a zero implied dividend as of yesterday. Here's the JNJ historical and forecast:

Symbol ExDate $Amount Frequency/Year AnnounceDate
JNJ 2019-05-24 0.95 4 2019-04-25
JNJ 2019-08-26 0.95 4 2019-07-15
JNJ 2019-11-25 0.95 4 2019-10-17
JNJ 2020-02-24 0.95 4 2020-01-02
JNJ 2020-05-22 1.01 4 2020-04-14
JNJ 2020-08-28 1.01 4 
JNJ 2020-11-25 1.01 4 

Here are some of the many dividends that have suspended/cancelled:

MLHR
LBRT
CATO
BLKB
RRD
CAE
GPI
CLR
SIX
CHH
PLAY
EAT
BBBY
MTN

Our dividend consultant has the following notes for our forecasts:

CNP - reduced dividend to 0.15 from 0.29

SM - reduced dividend to 0.01 from 0.10

KMI - div reduced to 0.27 from 0.3125.

MET - added to override to show the company’s annual div increase pattern.

PFE - watching this one, might move upcoming date to 5/7

WELL - fine for now, will watch

ZION - leaving at 0.34 5/14 for now. I will watch as this is a regional bank stock that could decide to suspend/cancel.

 

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