Today’s dividends: Johnson & Johnson and LyondellBasell Industries

I got paid by a pair of companies today … one you most certainly heard of at one time or another and one you may not be quite as familiar with. The first, the one all dividend-growth investors know and love, is Johnson & Johnson. Most bloggers and investors I’ve talked to would tell you its a must for any portfolio. The other is LyondellBasell Industries. Heard of it? If not, you may want to check it out.

Here’s a bit more about the companies that paid me a combined $1.84 in dividend income today:

Johnson & Johnson

Johnson & Johnson (JNJ) passed along an $0.84 dividend for the one share I own. It’s the type of stock you can buy and sleep well at night. As I said, Johnson & Johnson is undoubtedly the cornerstone of more than a few DIY investors’ portfolios … and for good reason. I only own one share, but that share is up almost $19 (16%) and has spit out almost $5 in dividend income over the last six quarters.

Johnson & Johnson’s $3.36 annualized dividend represents a steady 2.53% yield. That divi has also grown for 55 consecutive years.

LyondellBasell Industries

My single share of LyondellBasell Industries (LYB) earned me a $1 dividend. Its $4 annualized payment comes complete with a solid 3.56% yield and, get this, just a 30% payout ratio. That’s important as the company, which has raised its dividend for four straight years – most recently at an average rate of 9.74% over the course of the last three – is positioned to add to that streak for years to come.

I’m thinking about picking up a few more shares myself. I love the dividend and really love the fact it’s based in London. If you’ve taken a peek at my portfolio recently, you know I’m a huge fan of my U.S.-based stocks … I just own so many of them. I’d say something like 90% of the companies I have shares of are headquartered in the good ol’ USA. Maybe more. That’s not necessarily a terrible thing in my far-from-professional opinion, I just think I should probably add a bit to my European holdings. Seagate (STX) and Unilever (UL) are another pair of companies based in Europe I’m thinking about adding to.

LyondellBasell, at its core, is a chemical company. It produces and markets olefins, polyethylene products and polypropylene products … and makes a ton of money doing it. LYB does a few other things as well, but that’s the watered-down version.

Its EPS (12.23) is higher than its P/E ratio (9.15), which means it’s ridiculously undervalued for a company with steady growth stability and financial health. Check it out sometime if you haven’t already.

This week’s steps

Today’s dividends, coupled with the combined $11.08 from Monday, bring my March total to $30.06 and my 2018 mark to $114.73.

Last week’s steps

I increased my forward annual income by $2 thanks to Monday’s purchase of CVS.Tuesday featured a dividend from Valero and Wednesday saw a $1.82 dividend from UPS hit my account. I also made a handful of purchases, scooping up shares of MDC, Procter & Gamble and Franklin Resources – which added $4.88 to my steadily growing forward annual dividend income total.

I made another couple purchases Thursday, adding shares of AT&T and Verizon to my Dividend Farm, and received $3.17 worth of dividend income from a combined four companies.

I also earned $1.13 worth of dividends from Exxon and Yum! Brands on Friday. In all, I earned $6.92 of complete-passive income and boosted my forward annual dividend income by $11.24. Not a bad stretch if I do say so myself.

March on!

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