Johnson & Johnson Is a Great Long-term Holding

Johnson & Johnson (JNJ), a diversified health care products company, has experienced an impressive multi-year price upside. The maker of Band-Aids and Tylenol has three major divisions: pharmaceuticals, consumer products and medical devices.

JNJ has increased its sales for 73 consecutive years and its dividend for 45 consecutive years. It pays a $1.66 dividend with a 2.43 percent dividend yield as of December 10, 2007. And JNJ has a long history of increasing its quarterly dividend. For example, from November 1997 to November 2007 the quarterly dividend went from 11 cents to $0.415, a 277 percent increase.

JNJ is a great stock for a dividend-reinvestment portfolio.

JNJ is included in the buyupside.com high performers portfolio and the buyupside.com core stock portfolio, which contains dividend-paying stocks and two exchange traded funds (ETFs).

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Posted December 11, 2007.