Tuesday, April 28, 2015

Recent Buy 2.0 - Johnson & Johnson (JNJ)

Looks like I just can't get enough of a good thing. As with my previous purchase last week JNJ had hit a compelling price point under $100 and it just so happens that JNJ squeaked under that very same price in early trading today before rebounding.  I realized had some cash in my account just enough to reach my $1000 buy limit I try to hold to minimize transaction costs. So I pulled the trigger on another JNJ purchase.

I purchased another 10 shares of JNJ @ $99.75

Another stock that's been on my watch list for some time has been IBM and they announced a massive dividend increase today of over 18% ! Once I heard that news I almost wished I would have bought IBM instead but I think I'll be happy with more JNJ just the same.

I'll keep this brief since I just purchased JNJ. What do you guys think about JNJ or that generous IBM increase ?
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9 comments:

  1. Passive Income PursuitApril 28, 2015 at 6:21 PM

    I was surprised by IBM's increase and didnt expect it to be that high. Still have XOM and CVX to announce increases so I'll grt a couple more raises this month. I've been trying to add some more JNJ shares but missed the dip this morning. Thought I had my limit order set but I put it to expire yesterday when I thought it was good til cancelled. Im still hoping to add some shares soon. Also initiated a new position today. Its a bit expensive but I wanted this company in my portfolio.

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  2. ScottApril 28, 2015 at 9:08 PM

    Great long term pick in JNJ. I wish I had some money to add more to it right now. Thanks for the update on IBM. I hadn't heard about that nice dividend increase yet!

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  3. AnonymousApril 28, 2015 at 11:46 PM

    The dividend increase lately is nice and the PE is not as inflated as other DGI stocks I am tracking. This stock won't do anything exciting in the short term but in the long term with dividends reinvested it should provide decent growth.

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  4. Roadmap2RetireApril 29, 2015 at 6:38 AM

    Thats a decent price to add to JNJ, CD. Congrats on adding more to your portfolio and adding to your dividend income.

    cheers
    R2R

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  5. Dividend ExplorerApril 29, 2015 at 11:52 AM

    JNJ is a great company with a reasonable P/E, they are on my watch list. Under 100 is a good price, S&P capital IQ has their fair value at around 101.40.

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  6. Dividend DiplomatsApril 30, 2015 at 2:04 PM

    Captain Div -

    You know I love both. I own quite a little piece of IBM, so was very happy to see that increase. Also - made my initial two investments into JNJ, and still looking to double my size within the month, especially at the level it is now. AKA - great purchase and with IBM a 3% yield with a double digit dividend growth rate - that's hard to pass up.

    -Lanny

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  7. DivindependenciaMay 1, 2015 at 4:25 AM

    JNJ is a really good stock for your portfolio, and the price paid I think that is really nice.

    Continue upgrading your portfolio!!!

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  8. AnonymousMay 2, 2015 at 7:55 PM

    You made the right move. JNJ under $100 is a good buy. I think IBM will have some dips in the near future and you will be able to get that one too.

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  9. No More WafflesMay 3, 2015 at 5:06 AM

    Captain,

    Excellent addition to your portfolio yet again. Even though IBM also seems attractive, I'd pick JNJ every single time - I'm a shareholder of both companies. Can't pass up that 3% yield with high growth in such a stable business.

    Best wishes,
    NMW

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