Building Wealth With Dividend Growth Stocks by Derrick C. Thomas - HTML preview

– Weekly Cash Flow Strategy –

MAR / JUN / SEPT / DEC

2nd week – Johnson & Johnson (JNJ) / $164.36

Forward Dividend & Yield 4.24 (2.58%)

Ex–Dividend Date Aug 23, 2021

Dividend Payout – 1.06

Johnson & Johnson researches and develops, manufactures, and sells a range of products in the health care field worldwide.

It operates through three segments; Consumer Health, Pharmaceutical, and Medical Devices. Johnson & Johnson is behind some of the most well–known health and personal care brands in the world.

Under the Johnson & Johnson brand are names like; Band–Aid, Tylenol, Johnson's Baby Products, Benadryl, Motrin, and Listerine.

JnJ is extremely profitable, turning $20.2 Billion of its 2020 revenue into Free Cash Flow, a conversion rate of 24%. Its balance sheet currently holds $25.2 Billion in cash, equivalents, and marketable securities.

Shareholders have enjoyed many years of rising dividend payments. Its current annual payout is $4.24 per share, which at recent share prices amounts to a yield of 2.46%. That's not too shabby, considering that the banks now pay interest of just 0.06% on average.