What is a Covered Call? 5 Best Stocks For Covered Calls

4. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 88

Johnson & Johnson (NYSE:JNJ) is next on our list of the best stocks for covered calls. The multinational pharmaceutical company has a solid history of 61 years of growing its dividends consistently. In the past 10 years, the stock has delivered a return of over 84% to shareholders.

At the end of Q2 2023, 88 hedge funds in Insider Monkey’s database reported having stakes in Johnson & Johnson (NYSE:JNJ), growing from 86 in the previous quarter. The overall value of these stakes is over $4.1 billion. Bridgewater Associates was one of the company’s leading stakeholders in Q2.

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