Johnson & Johnson Raised Its Dividend Every Year. Why Did It Trail the S&P 500? - 24/7 Wall St. Johnson & Johnson Raised Its Dividend Every Year. Why Did It Trail the S&P 500? Johnson and Johnson has raised its dividend every single year for 64 years straight, yet a plain S&P 500 index fund still beat it handily over the past decade. Understanding why reveals something surprising about what actually kept long-term shareholders… By Chris Lange Published October 21, 2026, 2:15pm ET · 2 min read Quick Read A r ...