Lately, I’ve been thinking a great deal about buying more JNJ for my RRSP portfolio, and here’s why:
-Great history of paying dividends,
-Excellent brand,
-Highly diversified, multinational,
-Arguably one of the best managed US blue-chip stocks (ever), and
-High Canadian dollar (little foreign currency exchange to worry about).
Better still, JNJ also increases its dividend on a regular basis. The summary, it’s hard to be negative on this stock. It won’t double overnight, but you won’t lose any sleep on it either. JNJ is currently trading at about $65 USD; yield is a little over 3%; dividend is $0.49. I hope to have enough shares in my portfolio to run the synthetic DRIP eventually.
I will keep you posted.
Mark
My name is Mark Seed - the founder, editor and owner of My Own Advisor. As my own DIY financial advisor, I've surpassed my goal and now investing beyond the 7-figure portfolio to start semi-retirement with. Find out how, what I did, and what you can learn to tailor your own financial independence path. Join the newsletter read by thousands each day, always FREE.
