5 Most Profitable Dividend Stocks To Invest In

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In this article, we discuss 5 most profitable dividend stocks to invest in. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 12 Most Profitable Dividend Stocks to Invest In.

5. Johnson & Johnson (NYSE:JNJ)

Latest TTM Net Income: $19.1 billion

Johnson & Johnson (NYSE:JNJ) is a New Jersey-based pharmaceutical industry company that also offers services in consumer health. The company announced a 4% increase in its quarterly dividend to $1.24 per share on April 16. This marked the company’s 62nd consecutive year of dividend growth. The stock’s dividend yield on April 27 came in at 3.39%. With a TTM net income of over $19 billion, JNJ is one of the most profitable stocks on our list.

At the end of December 2023, 81 hedge funds tracked by Insider Monkey held stakes in Johnson & Johnson (NYSE:JNJ), compared with 84 in the previous quarter. These stakes are worth nearly $4 billion in total. Ray Dalio’s Bridgewater Associates was one of the company’s leading stakeholders in Q4.

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