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Johnson & Johnson (JNJ) Stock Falls After Declaring Quarterly Dividend

NEW YORK (TheStreet) -- Shares of Johnson & Johnson (JNJ - Get Report) are down 3.03% to $99.61 in afternoon trading on Monday, amid a wider market selloff, despite announcing a first quarter dividend today.

The New Brunswick, NJ-based diversified product manufacturer announced that its board of directors declared a cash dividend of 75 cents for the first quarter this year.

The dividend will be payable March 8 to shareholders of record on February 23.

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Johnson & Johnson employs about 128,000 people at over 265 operating companies across the world.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the...