Friday I bought 9 shares of JNJ. This is a new position, and also a new sector, which is good for further diversity in my portfolio. JNJ is well-known amongst dividend investors. I was torn between JNJ and CAT, with CAT having a much higher current yield, at 4% vs 3% for JNJ. Looking at the longer term growth I believe JNJ has a more sustainable dividend growth story. CAT also faces some short term macro economic head winds in several locations. I will continue to watch CAT, and will consider it for a new position next month. Next month I will go through the analysis again and see if I should build up my JNJ position, or jump into CAT.
JNJ adds 27 dollars to my expected annual dividend income. Total expected annual income now stands at 4,915.64.