Imagine earning $1,000 every year just from dividends. And over the years, that amount grows to $2,000 — and maybe even higher. Best of all, because you’ve invested in a safe stock, you also won’t have to worry about whether those payouts are going to continue, either. That makes for what I would call a great dividend stock.
This is the reality that all investors should aim for when selecting income investments to put into their portfolios. Today, we’ll investigate whether Johnson & Johnson (NYSE: JNJ) stock belongs in that category.