JNJ dropped a bit after posting their latest earnings report. The report itself was actually positive so I decided to use this rare opportunity to add on existing position and bought 15 shares for 100,73 USD per share. This will add 42 USD to my annual income as dividends before taxes. No specific reasoning was needed for this purchase as this is one of the best companies in the world to own a piece of. Personally I wouldn’t consider this price as super cheap but it is acceptable in the current market. I’ll consider adding on this position again in 98-101 USD range but I’m certainly going to invest as much as possible if it drops below 95 USD.
Current watch list: DE (new), AFL (existing), JNJ (existing), LMT (new but a bit far fetched at the moment)
Links: http://www.investor.jnj.com/divhistory.cfm, http://seekingalpha.com/symbol/JNJ