Goldman Sachs Dividend Stocks: Top 5 Stock Picks

4. Johnson & Johnson (NYSE:JNJ)

Goldman Sachs’ Stake Value: $1,700,591,892
Dividend Yield as of August 16: 2.73%

At the end of Q2 2023, Goldman Sachs owned over 10.2 million shares in Johnson & Johnson (NYSE:JNJ), worth over $1.7 billion. The company made up 0.34% of the bank’s portfolio. It is among one of the best Goldman Sachs dividend stocks to consider.

Johnson & Johnson (NYSE:JNJ) holds a 62-year track record of consistent dividend growth. The company currently offers a quarterly dividend of $1.19 per share for a dividend yield of 2.73%, as of August 16.

At the end of the June quarter of 2023, 88 hedge funds in Insider Monkey’s database owned investments in Johnson & Johnson (NYSE:JNJ), up from 86 in the previous quarter. The consolidated value of these stakes is over $4.1 billion.

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