Recent Buys – Johnson & Johnson (JNJ) and Cardinal Health (CAH)

January 13, 2019

Stock Buys 18

Recent Buys – Johnson & Johnson (JNJ) and Cardinal Health (CAH)

My first stock purchases of the new year! The last time I made a purchase was back in October of 2018. Luckily, the most recent market dip beginning in mid-December left many stocks trading at a nice discount. This presented great buying opportunities. As a result, like during the market correction of early 2018, I decide to take advantage and divide my cash stockpile (around $4000) in half for two stock purchases. As you probably noticed, all of my buys where from companies in the healthcare sector this time. Last week, I made two purchases: Johnson & Johnson (JNJ) and Cardinal Health (CAH).

Last week, I bought 16 shares of Johnson & Johnson (JNJ) at $127.01 per share. With that, JNJ is the 21st stock in my portfolio, the Dividend Empire. This purchase added $57.60 to my forward annual dividend income. Another dividend giant added to my portfolio. My second and last purchase was 45 shares of Cardinal Health (CAH) at $44.47 per share. CAH is now the 22nd stock in my portfolio. This purchase added $85.72 to my forward annual dividend income. I am quite happy with my purchases.

Altogether, these two purchases added $143.32 to my yearly forward dividend income! I realized something else as well. With my purchase of JNJ, I now own all five of the Dividend Diplomats Top 5 Foundation Dividend Stocks for a Portfolio! Isn’t that cool? Thank you, Lanny and Bert, for that great post! As it stands now, my portfolio is set to generate $9,458 in dividend income over the next 12 months. This is a great start to the new year as I continue to build my Dividend Dynasty!

I made a significant step forward towards the goals I set for 2019. I am also getting closer to two milestones; breaking the $1K mark for a month and passing $10K in forward annual dividend income! I probably won’t be making any new purchases till April when my cash stockpile is full. However, I foresee organic growth from companies increasing their dividends fueling my dividend growth till then. So, what do you think of my purchases? Do you own any of these companies? What stocks have you bought recently? Let me know in the comments below!

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18 comments

Div.IncomeJanuary 13, 2019 1:57 pm

Hi there,

nice buys there especially JNJ is stock which every dividend investor should have in his portfolio. CAH is also tempting at the moment. Keep up the good work.

Cheers

My Dividend DynastyJanuary 13, 2019 8:15 pm

Thanks Div.Income! I agree, JNJ is a great stock for dividend investors to have. 🙂

Dividend DiplomatsJanuary 13, 2019 4:43 pm

MDD –

WOW. Those are MASSIVE capital investments right there, two dividend aristocrats, nonetheless. The Cardinal Health has been on my radar for some time, the yield is so strong for them right now and they are still increasing that divvy. Obviously experienced a TON of turmoil due to Amazon and the pharmaceutical industry, etc..

And congrats… you got all 5 now, HELL YEAH. Mad props to you and onward to $10,000 forward dividend income!

-Lanny

My Dividend DynastyJanuary 13, 2019 8:19 pm

Thanks Lanny! I am happy to add CAH to my portfolio and like you said, great yield and great dividend! All 5 are in the bag and onward to $10K! 😀

SnugfortuneJanuary 14, 2019 9:12 am

Nice purchases, MDD! These are two high-quality businesses. Congrats.
If I had to name my favourite stock of all times, I would go with JNJ. With 56 years of consecutive dividend increases and a defensive business model, JNJ is a core holding of my PF. I consider adding to my position since the price pulled back due to the baby powder news.
Alex

My Dividend DynastyJanuary 14, 2019 4:31 pm

Thanks Snugfortune! 🙂 I am so glad I bought JNJ. This stock has been on my watchlist for a long time. I am sure I will add to this position over time.

DivHutJanuary 15, 2019 2:07 pm

Looking good. I like your start to 2019 with some well known aristocrats that are hurting these days. Strike while their beaten down. I think we all wish we had an “endless” cash supply these days. Seems like many great names are selling at discounts and sporting much juicier yields. Great ob!

My Dividend DynastyJanuary 15, 2019 6:08 pm

Thanks DH! Oh how I wish I had a $100K+ to invest when the market dips like this, especially when dividend aristocrats are beaten down in price. Great buying opportunities! 🙂

DivRiderJanuary 16, 2019 7:18 am

Good choices MDD! I especially like JNJ, but valuation is still to high for me, but that’s always the “problem” with high quality stocks.

I also took the opportunity of the sell off in December and bought BTI, CVS, FDX, MO, NVDA, PM, T, TROW, V. Now I’ve to refill my cash reserves as fast as possible.

Looking forward to your next purchases in April!

My Dividend DynastyJanuary 16, 2019 7:51 pm

Thanks DivRider! WOW, great series of buys for the December dip! Keep up the good work! 🙂

Financial ShaperJanuary 21, 2019 1:20 pm

Very good picks, and indeed, stock prices are so much more attractive than some years ago. I particularily like J&J, it’s such an interesting company with a wonderful brand portfolio.
Keep it up and alle the best.

My Dividend DynastyJanuary 21, 2019 6:31 pm

Thanks Financial Shaper! I agree, JNJ is a great company! 🙂

Dividend DiplomatsJanuary 21, 2019 10:15 pm

MDD – Just incredible. That’s how you put $4,000 to work right there. Two Dividend Aristocrats. BOOM! I own both and recently added to CAH (at the end of last year). So obviously I am long on CAH and I think they will work through the turmoil impacting the industry. Keep up the great work. Man oh man.

Bert

My Dividend DynastyJanuary 23, 2019 5:08 pm

Thanks Bert! I am glad I got two more Dividend Aristocrats in the bag! 🙂

DivvyDadJanuary 23, 2019 12:18 am

Both are very nice purchases, although I only own JNJ myself. You’ve made a nice addition to that forward income too, and will be crossing that $10k milestone in no time!

My Dividend DynastyJanuary 23, 2019 5:09 pm

Thanks DivvyDad! I’m marching towards the $10K milestone! Can’t wait! 🙂

Engineering DividendsJanuary 25, 2019 12:47 pm

Love the JNJ addition, MDD. It’s one I’ve held for over 20 years and it’s provided a great return.
I like the CAH add, too, even though it was a stock I trimmed a bit in December as part of some tax loss harvesting. I used some of the proceeds to bolster some existing positions, and to initiate a new position in MMM.
Looks like you are off to a terrific start in 2019 with regard to pushing your forward dividend income higher. $10K is on its way!

My Dividend DynastyJanuary 29, 2019 5:14 pm

Thanks ED! Great job hold JNJ for over 20 years. I am hoping to do that same for the next 20+ years. MMM is another great stock on my watchlist, but I will have to wait a bit to reload. On my way to $10K! 🙂

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Recent Buys – Johnson & Johnson (JNJ) and Cardinal Health (CAH)

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18 comments

Div.IncomeJanuary 13, 2019 1:57 pm

My Dividend DynastyJanuary 13, 2019 8:15 pm

Dividend DiplomatsJanuary 13, 2019 4:43 pm

My Dividend DynastyJanuary 13, 2019 8:19 pm

SnugfortuneJanuary 14, 2019 9:12 am

My Dividend DynastyJanuary 14, 2019 4:31 pm

DivHutJanuary 15, 2019 2:07 pm

My Dividend DynastyJanuary 15, 2019 6:08 pm

DivRiderJanuary 16, 2019 7:18 am

My Dividend DynastyJanuary 16, 2019 7:51 pm

Financial ShaperJanuary 21, 2019 1:20 pm

My Dividend DynastyJanuary 21, 2019 6:31 pm

Dividend DiplomatsJanuary 21, 2019 10:15 pm

My Dividend DynastyJanuary 23, 2019 5:08 pm

DivvyDadJanuary 23, 2019 12:18 am

My Dividend DynastyJanuary 23, 2019 5:09 pm

Engineering DividendsJanuary 25, 2019 12:47 pm

My Dividend DynastyJanuary 29, 2019 5:14 pm