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Johnson & Johnson Annual Dividends

Date	Dividends Per Share	Growth Rate Per Year
2023	$ 4.70	5.62%
2022	$ 4.45	6.21%
2021	$ 4.19	5.28%
2020	$ 3.98	6.13%
2019	$ 3.75	5.93%
2018	$ 3.54	6.63%
2017	$ 3.32	5.40%
2016	$ 3.15

When analyzing the average dividend growth rates over different periods, we observe the following trends:

- 8-year average (2016-2023): Approximately 5.89%

- 5-year average (2018-2023): Approximately 5.83%

- 3-year average (2021-2023): Approximately 5.70%

To estimate Johnson & Johnson's stock price using the constant growth formula, we start with the following formula:

Price =

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