Lately, I’ve been thinking a great deal about buying 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. I will keep you posted.
Mark
My name is Mark Seed and I'm the founder, editor and owner of My Own Advisor. As my own DIY financial advisor, we're inching closer to our ultimate goal - owning a 7-figure investment portfolio for semi-retirement. We're almost there! Subscribe and join the journey. Learn how I'm getting there and how you can get there too!
