Johnson & Johnson recently announced that its Board of Directors has declared a 13.6% increase in the quarterly dividend rate, from $.33 per share to $.375 per share. The increase was announced this morning at the Annual Shareholders Meeting in New Brunswick, NJ. At the new rate, the indicated dividend on an annual basis is $1.50 compared to the previous rate of $1.32. Financial News USA (http://www.financialnewsusa.com/release.php?rlsid=4963)