Johnson & Johnson (JNJ) engages in the research and development, manufacture, and sale of various products in the health care field worldwide. Its Consumer segment provides products used in baby care, skin care, oral care, wound care, and women’s health care fields, as well as nutritional and over-the-counter pharmaceutical products.
Once enrolled in the plan, you can purchase stock at a $25 per transaction computing your account to fractional shares up to six decimal places. For example if the share price is $58 and you invest $25 the shares purchased will be .431034. Each investment is made on the 7th of the month, except in a month when the dividends are paid then the dividend and optional cash investments are made together. Dividends are paid quarterly.
With the reinvestment of dividends and optional cash investments your position in Johnson & Johnson will grow over time.