Guide to Earning $1,000 in Dividend Income from Johnson & Johnson Stock
Investing in Johnson & Johnson for Dividend Income
Johnson & Johnson is a high-quality dividend stock. The healthcare behemoth, a member of the elite group of Dividend Kings, offers a 3.3% forward dividend yield.
With a $1.24 quarterly dividend payment, you'd need to own about 202 shares to earn $1,000 yearly.
Portfolio Allocation Strategy
To comfortably invest $31,000 in Johnson & Johnson, you should ideally have a diversified portfolio of 25 stocks totaling around $775,000. Consider allocating 10% of your portfolio to JNJ due to its financial strength.
Investment Considerations
Before investing in Johnson & Johnson, take into account the potential gains from other stocks recommended by The Motley Fool Stock Advisor team.
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