Johnson & Johnson (NYSE: JNJ) managed to beat earnings expectations this morning, and the drug and consumer products giant also reaffirmed its earnings guidance for 2013. This morning we noted that we still expect a dividend hike and that the news was not at the same time. It turns out that investors probably will not get their dividend hike until the middle of the coming week.
If you look through the investor relations website for J&J, the earnings of 2012 in April were about a week before the dividend hike and that coincided with the company’s annual meeting of shareholders. It appears that 2013 is on track for a repeat of 2012.
After looking through the J&J news and upcoming events the 2013 annual meeting of shareholders is set for Thursday, April 25, 2013 at 10:00 a.m. Eastern Time.
We have also suggested in a recent CNBC…
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