5 Best Blue Chip Dividend Stocks

4. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 88

Dividend Yield: 2.6%

Johnson & Johnson (NYSE:JNJ), a healthcare company, is among the more famous players in the medical industry. It is thus among the best blue chip dividend stocks to buy, and operates through its subsidiaries such as Janssen Pharmaceuticals and Janssen Cilag.

As of this October, Raymond James analyst Jayson Bedford holds an Outperform rating on shares of Johnson & Johnson (NYSE:JNJ).

For the third quarter, Johnson & Johnson (NYSE:JNJ) reported an EPS of $2.60, beating estimates by $0.25. The company’s revenue was $23.34 billion. Johnson & Johnson (NYSE:JNJ) has also gained 5.44% year to date and 9.39% in the past year.

From 873 hedge funds, 88 held stakes in Johnson & Johnson (NYSE:JNJ) in the second quarter. In the first quarter 81 held stakes in the company. The total values of their stakes were $7.1 billion and $6.9 billion respectively.