Another Quarterly Dividend From JNJ

This is a Post from the Symbol Surfing Blog from Mon, Aug 27, 2018.


Today was the ex-dividend date (ex-date) today for JNJ.

I will receive the cash dividend of $0.90 per share in my account automatically on the payment date or (pay date) of Tue, Sep 11, 2018.

The other 2 of the 4 "dividend dates" are the declaration date and the record date.

https://www.investor.gov

If you are interested, check out JNJ's dividend history.

That's why Johnson & Johnson is one of the few S&P 500 Dividend Aristocrats.

Many dividend-paying stocks pay dividends on a "quarterly basis".

Some dividend-paying stocks pay dividends on a "monthly basis".

My opinion is that the monthly dividend is more of a marketing strategy than anything else.

Another dividend-related strategy is "dividend capturing".

The article below explains it better than I can.

https://www.nasdaq.com

In my experience, on the ex-date, it is not unusual for the stock to drop by the amount of the cash dividend.

It paid out $0.90 cents in the form of a dividend.

Today the stock price dropped by -$1.03.

That makes sense, right?

A few years ago, I wrote a script that backtested a few hundred ex-dates on blue chips stocks.

I was hoping to find the holy grail.

I tracked the stock price the day before the ex-dividend date through a few days after.

It was actually a waste of time.

Some stocks went up, some stocks went down and others had a small change in price.

What I found out is that there seems to be zero correlation between the ex-date and the stock price movement.

On this trade I started on Mon, May 21, 2018, I am up about 9% plus the 2 quarterly dividends.

According to the chart, the stock price could easily hit $140 or higher if the stock continues this rally.

What do you think about "Another Quarterly Dividend From JNJ"?

Let me know in the comments section!

If you think your friends would like this, please share it. Thanks!


Hello! My name is Tom Adishian and I am the creator and developer of Symbol Surfing. I use this site on a daily basis as a time-saving resource to identify trading and investing ideas. If you have a comment, question or suggestion, contact me.

Mon, Aug 27, 2018 JNJ @ $134.92

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