5 Best Diversified Dividend Stocks To Invest In

3. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 81

Johnson & Johnson (NYSE:JNJ) is next on our list of the best diversified dividend stocks. The multinational corporation operates in the pharmaceutical, medical devices, and consumer health sectors. The company has raised its dividends for 61 years in a row and currently offers a quarterly dividend of $1.19 per share. The stock’s dividend yield on February 21 came in at 3.02%.

Insider Monkey’s database of Q4 2023 indicated that 81 hedge funds owned stakes in Johnson & Johnson (NYSE:JNJ), down from 84 in the preceding quarter. The overall value of these stakes is nearly $4 billion. Fisher Asset Management owned over 6.3 million shares in the company, becoming its leading stakeholder in Q4.

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