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,
-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.
I hope to have enough shares in my portfolio to run the synthetic DRIP eventually, very soon!
I will keep you posted.