Lately, I’ve been thinking a great deal about buying 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. 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.