11 Best Halal Dividend Stocks to Buy Now

8. Kenvue Inc. (NYSE:KVUE)

Number of Hedge Fund Holders: 52

In August 2023, Johnson & Johnson separated its consumer health and hygiene products into a new publicly listed company called Kenvue Inc. (NYSE:KVUE). The new entity manages a portfolio of well-recognized brands across various product categories. Thanks to its international presence, the company holds a strategic edge over companies that primarily operate within domestic markets.

In the first quarter of 2025, Kenvue Inc. (NYSE:KVUE) reported revenue of $3.74 billion, which showed a 4% decline from the same period last year. However, the revenue beat analysts’ estimates by $57.4 million. The company updated its 2025 outlook to account for currency headwinds and increased costs from new tariffs. It expects net sales to rise 1% to 3% year-over-year, with organic growth of 2% to 4%, though foreign exchange is likely to reduce sales by about 1%. Adjusted operating income margin is projected to decline due to tariff impacts, while adjusted diluted EPS is expected to remain flat, slightly pressured by currency fluctuations.

Kenvue Inc. (NYSE:KVUE) reported an operating cash flow of $0.4 billion, and its free cash flow was $0.2 billion. Since the company was separated from Johnson & Johnson, it took on the legacy of being classified as a Dividend King. It currently pays a quarterly dividend of $0.205 per share and has a dividend 3.73%, as of July 18.