Johnson & Johnson: More Than Just a Band-Aid for the Dividend Portfolio

In Q2, Berkshire Hathaway (BRK-A) invested $1 billion to buy 17 million additional shares of Johnson & Johnson (JNJ). Berkshire Hathaway has been a longtime stockholder but its position has fluctuated over time. It now now owns over 41 million shares worth almost $2½ billion. Warren Buffett was attracted to a Dow stock and Dividend Aristocrat, which has a streak of annual dividend increases for almost half a century. The stock had a fabulous run, like many Dividend Aristocrats, from low single digits 30 years ago to $50 in 2002. Since then, JNJ has largely been trading sideways with an upward basis, bringing the stock to its present price of $58.69 (near its record high in the low $70s reached two years ago).... Read more