2022 Week 33: Johnson & Johnson (NYSE: JNJ)

Portfolio Update

The FiveTwenty portfolio received $25.92 dividends in the past week. APD paid its quarterly dividend during the week.

Past Week Dividend	$25.92
Current Quarter Dividend (Q3 2022)	$384.59
LifeTime Dividend	$4,991.75
Estimated Annual Dividend	$6,112.25

The capital allocation for the week of 08/14/2022 to 08/20/2022 will be used to add to our position in Johnson & Johnson (NYSE: JNJ)

JNJ – Position Update

Since our last check-in on JNJ in week 32 of 2022, there have been no significant financial developments for the company. The share price decreased 3.4% from $171.11 to $165.30 during the period.

	TTM	Prev. Update	10-year median
Dividend Streak	60 years	60 years
Yield	2.61%	2.52%	2.66%
Payout Ratio	43.14%1	43.14%1
P/E	16.551	17.131

Q2 2022 earnings report

Did JNJ’s latest earnings report raise any warning flags?

We discussed JNJ’s financial performance during Q2 2022 in our previous update. Overall, revenues grew 3%, adjusted net income increased 4.3%, and adjusted EPS were 4.4% higher than in Q2 2021.

	Revenue (in millions)	Adj. Net Income (in millions)	Adj. EPS .
Q2 2021	$23,321	$6,625	$2.48
Q2 2022	$24,020	$6,912	$2.59
% Change	3%	4.3%	4.4%

Additional noteworthy developments during the quarter:

• See previous update

Thesis

Why are we adding to our position in JNJ?

With no significant developments for JNJ in the last week, our investment thesis remains the same. We therefore continue to build out our position in the company.

Previous Articles

• 2022 Week 32: Johnson & Johnson (NYSE: JNJ)
• 2021 Week 17: Johnson & Johnson (NYSE: JNJ)
• 2021 Week 14: Johnson & Johnson (NYSE: JNJ)

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Photo by Arthur Pereira on Unsplash