5 Best Healthcare Dividend Stocks to Buy

3. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 86

Johnson & Johnson (NYSE:JNJ) is next on our list of the best dividend stocks from the healthcare sector. In April this year, the company lifted its dividend for the 62nd consecutive year. It pays a quarterly dividend of $1.19 per share for a dividend yield of 3.04%, as of May 23.

The number of hedge funds tracked by Insider Monkey owning stakes in Johnson & Johnson (NYSE:JNJ) grew to 86 in Q1 2023, from 84 in the previous quarter. These stakes have a consolidated value of over $4.5 billion.

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