It’s no secret I am a big fan of dividend investing. What better way to invest than to let the company you are investing in pay you to hold onto their stock until it makes a sweet, profitable trade. What is a good dividend stock to invest in is a multilayered question, but you can’t go wrong starting with a look at the Dividend Kings.
Johnson & Johnson Good Time to Invest?
Chances are pretty good that you have heard of Johnson & Johnson. In addition to being a household name for all of the reasons you know, it is also a household name for dozens of products you use every day that just don’t have the J&J name on them. Johnson & Johnson stock trades under the JNJ ticker symbol. It is part of the Dow Jones Industrial Average, and the S&P 500 index. As a dividend king, J&J has raised its dividend every year for 50 consecutive years. When a company can do that, it means that they are busy running a profitable company and not chasing executive bonus tiers.
As you can imagine, J&J is not a growth stock, but that is okay. Johnson and Johnson will steadily pay out a cash dividend while you wait for this value stock to appreciate over the years.
Johnson & Johnson Dividend Yield
As a value stock, J&J is less volatile than many other stocks, but the long slide of the stock market has brought JNJ down to where you can get a 3.0%+ dividend yield. Like other dividend stock investments, the risk is in the company going bankrupt or cutting the dividend. If JNJ starts heading for bankruptcy it will not be fast, and with decades worth of raising the dividend, this is one of the safer choices for the dividend investor. That is why a 3% yield is not common with this stock.
As always, do your own research and consult your financial advisors before making any decisions, but if you were looking for a ticker symbol to put in for a look. JNJ is a good place to start.