First buy: Novo Nordisk A/S
We have liftoff!
It feels so great to be underway on my (hopefully) big FIRE adventure. My strategy is to buy different dividend stocks. In a later post I will explain my strategy in detail along with my criteria for buying a stock.
But enough talk and to the business: My first buy is danish company Novo Nordisk. They make medicine and their key business is insulin for diabetes patients.
- Novo Nordisk a/s
- Stock price: 40,20 €
- P/E: 18,89 (source: nordnet.dk)
- Dividend (2018): 0,76 € (bi-annual)
- Dividend ratio: 37 %
I have bought 19 shares resulting in a forward dividend of 14,47 € per year.