Dividend Stock Portfolio For Income: Top 5 Stocks

3. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 81

Johnson & Johnson (NYSE:JNJ) is an American multinational pharmaceutical company that mainly offers services in consumer health. The company pays a quarterly dividend of $1.24 per share, having raised it by 4% on April 16. Through this increase, the company stretched its dividend growth streak to 62 years, which makes JNJ one of the best stocks for a dividend stock portfolio. The stock has a dividend yield of 3.39%, as of April 28.

As of the close of Q4 2023, 81 hedge funds tracked by Insider Monkey owned investments in Johnson & Johnson (NYSE:JNJ), compared with 84 in the previous quarter. The total value of these stakes is roughly $4 billion.

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