I added 7 shares of JNJ at $101.56 per share.
- JNJ is a global powerhouse. Over 1 billion people use JNJ products on a daily basis. Johnson & Johnson has a variety of products, which includes consumer health products, medical devices and diagnostics. Johnson & Johnson is also involved with pharmaceuticals which range from key areas like immunology, infectious diseases, neuroscience and oncology.
- Johnson & Johnson has a key focus on Innovation. JNJ spent approximately $7.7 billion for research and development and so far it's been a great investment. There has been strong sales from products like Simponi, Stelara and Zytiga.
- They have also been aggressive with acquisitions and building their brand.
- The dividend for JNJ stock currently yields an attractive 2.77%. JNJ management has increased the dividend payout for an impressive 51 years. Earnings for JNJ stock have increased for 30 straight years. Another plus is the company boasts a AAA credit rating. There is not doubt in my mind that JNJ will continue increasing it's dividend for years to come.
One of the best dividend stocks you can buy. The PE ratio just a bit under 20 now after a tiny sell off to go along with the rest of the market. Nice buy.
ReplyDeleteCD,
DeleteIt was a tough decision because AFL and DE were also on my radar. I am hoping to add those to my portfolio as well if the prices are still low. However I agree that JNJ is a must have in building a DG portfolio. I am sure I will be thanking myself in 10 years for this investment. Best Regards and thanks for the compliment.
JNJ is one of those stocks u just keep adding to and never selling. Love it!
ReplyDeleteA-G,
ReplyDeleteI do plan on holding this one forever. I am sure I will be adding to it in the future and can't wait to receive those quarterly dividends.JNJ also has a dividend coming up next month!
Thanks for sharing your recent purchase of JNJ. As you already know, an awesome company with a very dividend friendly policy in place. I have held JNJ in my portfolio since 2007 and plan to keep it "forever." Look forward to your next purchase.
ReplyDeleteHey DivHut,
DeleteI had to pick between AFL, DE, and JNJ. I really felt a need to have a health-care stock in my portfolio. I plan to hold JNJ forever unless they cut dividends. I look forward to writing about my next purchase because it's a stock that I don`t often here about. Best regards!
JNJ is one of my favorite companies and I want to badly add to my position. I almost pulled the trigger when it dropped to $99 couple of weeks ago, but decided to hold out. Im hoping that better opportunities will present itself in the next few months. Stil....cant go wrong at the $101 level.
ReplyDeleteKeep it up
R2R
Hey R2R,
DeleteI thought about waiting for a dip but I have no doubt JNJ will keep getting more expensive. I plan on holding for 30+ years so in the end the extra few bucks wont matter. I`m just glad to finally have JNJ in my portfolio. Thanks for stopping by!
Just purchased some JNJ shares myself too. Great buy.
ReplyDeleteTawcan,
DeleteYou can't go wrong with purchasing shares of JNJ. I am glad to have you as a fellow shareholder.
I want to build up JNJ to be a much larger position the price keeps eluding me. I missed its dip under $100 a few weeks back although I was waiting patiently for it. And of course the big dip happens when I couldn't monitor the markets. Oh well, I know I'll continue to add more shares of this great company. I'd just really like to do so before the ex-div at the end of this week!
ReplyDeleteI was also hoping to get JNJ a little cheaper but I really needed a health-care stock to compliment my portfolio. The dips in the market are scarce and I have been buying MCD and MAT this week because they are cheap compared to 95% of the market. The yields are high which is a plus. Good luck!
Delete