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.
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.
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.
Let me know in the comments section!
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Mon, Aug 27, 2018 JNJ @ $134.92
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