5 Dividend Stocks to Buy Amid the Market Decline

3. Johnson & Johnson (NYSE:JNJ)

Dividend Yield as of 10/17: 2.71%

Number of Hedge Fund Holders: 83

Johnson & Johnson (NYSE:JNJ) is another dividend aristocrat given that it has increased its annual dividend for 60 consecutive years. As a result, it has a dividend yield of 2.71% as of 10/17. Although conglomerates aren’t as popular as they were in the 90’s, Johnson & Johnson (NYSE:JNJ) is a healthcare conglomerate that has only grown over time. In terms of the future, Johnson & Johnson (NYSE:JNJ) could be a good investment if it continues growing its earnings per share like the market expects.

83 hedge funds in our database were long Johnson & Johnson (NYSE:JNJ) at the end of Q2 2022 with Fisher Asset Management holding over 5.7 million shares.