10 Best Dividend Monarchs to Invest in Now

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1. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 98

Johnson & Johnson (NYSE:JNJ) is an American healthcare company that specializes in manufacturing, developing, and selling a wide range of healthcare products and also offers related services. In the fourth quarter of 2024, the company posted a revenue of $22.5 billion, up 5.2% from the previous year and beating estimates by $84.4 million. Operational growth came in at 6.7%, with the MedTech segment seeing a 6.2% increase in global operational sales, helped by both acquisitions and divestitures.

Although Johnson & Johnson (NYSE:JNJ)’s pharmaceutical segment hasn’t been impacted by current tariffs, its recent effort to resolve talc-related lawsuits through bankruptcy was turned down by a judge. As a result, the company now intends to address the lawsuits through the traditional tort system after courts found the cases don’t cause significant financial strain.

Despite the unresolved legal issues, Johnson & Johnson (NYSE:JNJ) continues to show strong financial health and steady performance. Both its pharmaceutical and MedTech businesses remain solid, backed by reliable earnings and a productive pipeline that consistently brings new product approvals. With more than a hundred years of innovation under its belt, Johnson & Johnson appears well-positioned to keep moving forward.

On April 15, Johnson & Johnson (NYSE:JNJ) declared a 4.8% increase in its quarterly dividend to $1.30 per share. Through this increase, the company stretched its dividend growth streak to 63 years, which makes JNJ a Dividend Monarch to monitor. The stock’s dividend yield on April 15 came in at 3.23%.

Overall, Johnson & Johnson (NYSE:JNJ) ranks first on our list of the best Dividend Monarchs to invest in. While we acknowledge the potential of JNJ as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than JNJ but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the dirt cheap dividend stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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