In this article, we will be looking at the 5 best dividend stocks for long term. To see our detailed analysis of dividend investing, you can go directly to the 10 Best Dividend Stocks for Long Term.
5. Johnson & Johnson (NYSE: JNJ)
Number of Hedge Fund Holders: 81
Dividend Yield: 2.5%
Johnson & Johnson (NYSE: JNJ) is a researcher, developer, and manufacturer of a range of products in the healthcare sector, and it operates across the world. The company has three segments: Consumer Health, Pharmaceutical, and Medical Devices. It is also one of the major contributors to the fight against the coronavirus pandemic, with the issuance of its own vaccines. The stock ranks 5th on our list of the best dividend stocks for long term.
The FDA has approved J&J vaccines from the Emergent plant this July, while the EMA has also approved a scale-up at the J&J vaccine plant in the Netherlands. This June, Cantor Fitzgerald reiterated its Overweight rating on Johnson & Johnson (NYSE: JNJ) with a $200 price target, and analyst Louise Chen commented that the potential for peak sales held by Johnson & Johnson (NYSE: JNJ) has not been appreciated at it should have been. In the first quarter of 2021, Johnson & Johnson (NYSE: JNJ) had an EPS of $2.59, beating estimates by $0.24. The company’s revenue was $22.32 billion, up 7.88% year over year and beating estimates by $308.14 million, and its gross profit margin is 66.38%. Johnson & Johnson (NYSE: JNJ) has gained 5.85% in the past 6 months and 8.25% year to date, and it has retained its dividend for about 59 years as well.
As of the end of the first quarter of 2021, 81 hedge funds out of the 866 tracked by Insider Monkey held stakes in Johnson & Johnson (NYSE: JNJ) worth roughly $6.91 billion. This is compared to 81 hedge funds in the previous quarter with a total stake value of about $5.82 billion.