If I Could Buy Just One Stock For Christmas, It’d Be GlaxoSmithKline plc

Jingle bells, jingle bells, jingle (LON:GSK)… why I’d love a gift of GlaxoSmithKline plc.

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The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

It has to be said, I’ve never been one to crave the “next big gadget”, or to follow the crowd when it comes to following particular trends.  But if I was to buy myself a stock as a long-overdue Christmas present to myself, I struggle to look further than one of the most popular among Fools and other investors alike – GlaxoSmithKline (LSE: GSK) (NYSE: GSK.US).

Yes, as it’s a gift to myself I could have speculated a little and moved for a slightly sexier small-cap growth stock, but there’s one thing that the pharma giant can offer my portfolio that most of my other holdings can’t: a great dividend.  Since 2009, the dividend yield has hovered somewhere between 4.6% and 5.5%, with last year’s coming in at a very respectable 4.8%.

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Now could be a good time to buy, too, in terms of the share price.  It may have seen a steady rise to just under 1,500 since its October low of 1,324, but overall, the price is still down nearly 6% over the last 6 months.  I could even consider that to be an early January bargain.

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