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It looks like some members in Congress are not too happy about the way Johnson & Johnson (JNJ) has behaved in the aftermath of the recent recalls involving some medicinal products. That may be, but I'll tell you, the stock is trading with a pretty cool dividend yield attached right now. At the time of this writing, shares were exchanging hands during the afternoon session at a price of $58.12. That means that the yield is about 3.7%.
The 52-week low on the stock is $54.54. Considering the current price level, I'd say the equity is one to look at, even with its recall issues.
It's true that the stock is down significantly since I wrote about the company's first-quarter results. Nevertheless, if you're a long-term holder of the shares, you should probably considering adding on this pullback. Again, let's think about the dividend: specifically, the dividend history, which you can peruse over at the corporate site. You've got to love this blue chip's reputation for taking care of its supporters via increasing quarterly payments. It really makes the stock attractive from the angle of dollar-cost-averaging.
Not only do I believe that Johnson & Johnson is great for long-term money, but I also believe it might even be an interesting idea for traders if it gets down to that 52-week low.
Johnson & Johnson has been out of favor with the market this year, but that makes it only more appealing from a valuation standpoint. I don't know how low it will go, or what other events may plague the business, but I have confidence in the company's future. It won't be going away.
Disclosure: I don't own any company mentioned; positions can change without notice.
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