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Johnson & Johnson today announced that its Board of Directors has declared a 7.1% increase in the quarterly dividend rate, from $0.84 per share to $0.90 per share. The increase was announced this morning at the Annual Meeting of Shareholders in New Brunswick, N.J. "In recognition of our 2017 results, strong financial position and confidence in the future of Johnson & Johnson, the Board has voted to increase the quarterly dividend for the 56th consecutive year," said Alex Gorsky, Chairman and Chief Executive Officer of the company. At the new rate, the indicated dividend on an annual basis is $3.60 per share compared to the previous rate of $3.36 per share. The next quarterly dividend is payable on June 12, 2018 to shareholders of record as of the close of business on May 29, 2018. The ex-dividend date is May 25, 2018.

The Board of Directors of Exxon Mobil today declared a cash dividend of $0.82 per share on the Common Stock, payable on June 11, 2018 to shareholders of record of Common Stock at the close of business on May 14, 2018. This second quarter dividend compares with $0.77 cents per share paid in the first quarter of 2018. Through its dividends, the corporation has shared its success with its shareholders for more than 100 years and has increased its annual dividend payment to shareholders for 36 consecutive years.

On April 25, 2018, the board of directors of Portland General Electric approved a 6.6 percent increase in the regular quarterly common stock dividend to 36.25 cents per share, up from last quarter's dividend of 34 cents per share. The dividend is payable on or before July 16, 2018, to shareholders of record at the close of business on June 25, 2018. "Today's declaration marks our twelfth consecutive annual dividend increase since going public in 2006," said Maria Pope, PGE's president and CEO.

The Board of Directors of Chevron today declared a quarterly dividend of one dollar and twelve cents ($1.12) per share, payable June 11, 2018, to all holders of common stock as shown on the transfer records of the Corporation at the close of business May 18, 2018

The Lockheed Martin board of directors has authorized a second quarter 2018 dividend of $2.00 per share. The dividend is payable on June 22, 2018 to holders of record as of the close of business on June 1, 2018.

For MarketNewsVideo.com, I'm Sayoko Murase.