As a new year begins, I recently added to my IRA portfolio as my contribution limit is now reset. I decided to add more JNJ as right now I am unsure what the market is really going to do. In uncertain times, you need to go with the best of the best, and that is JNJ for me. Look at the consistent growth and consistent payout ratio!
- Bought 5.0806 shares of JNJ @ $97.63 ($497 Total Invested)
Here are the stats I used to determine this was a good buy for me:
- Current Dividend: 3.06%
- Current P/E : 18.74
- Dividend Payout Ratio: 46%
- Years Paying Dividend : 45 Years
- Dividend Growth Rate : 11.4% (over past 14 years)