Johnson & Johnson: Growth-Growth-Growth; Win-Win-Win - Part I
- An investment of $97,750 in Johnson & Johnson shares on January 3, 1972, with all dividends re-invested would have grown 128 times over to $12.6M by September 27, 2014.
- This massive growth derives from, (1) growth in number of shares from dividends re-invested, (2) growth in the rate of dividend per share, and (3) share price appreciation.
- The first 2 items above are always positive for growth, but share price growth has been quite variable with many periods of share price depreciation.
- Can any reasonably predictable factor/s be identified, which closely correlate to JNJ share price movements in the past, so those factors can be used to predict future share price growth?
- This article is intended as the first part of a series exploring this question. The data presented below is an overview of past JNJ investment performance.