5 Best Dividend Stocks to Buy According to Terry Smith

3. Johnson & Johnson (NYSE: JNJ)

Smith’s Stake Value: $1,091,423,000
Percentage of Terry Smith’s 13F Portfolio: 3.47%
Dividend Yield: 2.58%
Number of Hedge Fund Holders: 81

Johnson & Johnson (NYSE: JNJ) experiments, develops, produces, and sells health care products globally. It was founded in 1886 is placed third on the list of 10 best dividend stocks to buy according to Terry Smith. Johnson & Johnson stock has returned 16.63% to investors over the course of the past 12 months.

On June 26, Johnson & Johnson (NYSE: JNJ) reached a 230 million-dollar settlement with New York state to stop selling opioid medications across the country. On April 20, the company declared a quarterly dividend of $1.06 per share, in line with the previous. The forward yield is 2.58%. Johnson & Johnson also posted earnings for the first quarter of 2021. It reported earnings per share of $2.59, beating market predictions by $0.24. The revenue for the first three months of 2021 was $22.32 billion, beating the estimates by $280 million.

Terry Smith’s hedge fund owns 6.64 million shares of the company, worth $1.09 billion. Out of the hedge funds being tracked by Insider Monkey, Arrowstreet Capital is a leading shareholder in Johnson & Johnson (NYSE: JNJ), with over 9 million shares worth $1.48 billion.