As a dividend growth investor, I’m interested in stocks paying growing dividends every years.
Today, I made a small bet as my trading account was low on cash. I bought 6 shares of JNJ, a well known classic for dividend growth investors at 100,55$ per share. This adds 5 cents per day to my passive income which now stands at 1,06$ US and 0,32$ CAN per day, 365 days per year.
Morninstar currently rates it 3 stars with a fair price of 99$.
Johnson & Johnson’s stock rarely goes on sale. But, this week, after posting good second quarter results, the stock price dropped from 105,84$ to 100,37$. I was lucky enough to jump in almost on its intra-week low. The stock closed at 101,80$.
Johnson & Johnson is a classic for dividend growth investors. It is part of the Dow Jones, part of the Dividend Artistocrats of the S&P500 and has grown its dividend for more than 25 years.
Based on buyupside.com, the average dividend growth rate for Johnson & Johnson since 1970 has been at 14,04% which is more than great!!!
I want to build an ownership in JNJ over time. This is my first commitment.
Are you a JNJ shareholder too?[author] [author_image timthumb=’on’]http://quityourdayjob101.com/wp-content/uploads/2014/03/ID-10050051.jpg[/author_image] [author_info]Hi, my name is Allan. I’m the masked blogger. Like you I’m a modern slave, prisoner of a 9@5 job in Corporate America. They told us when we were young that we would live in a society of leisure and that technology would permit us to work only a couple of hours per day. But we live in a society of stress and uncertainty. My situation could be a lot worse and I know it. So many humans are suffering on this planet. But a golden cage remains a cage anyway. At least, I have an escape plan. I will retire before 45 years old over my passive income. This is a dream that is so powerful that I will make sure it happens. To build my wealth, I mainly invest in undervalued dividend growth stocks. [/author_info] [/author]
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