15 Best Quality Dividend Stocks to Buy According to Reddit

4. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 81

Johnson & Johnson (NYSE:JNJ) is one of the best quality dividend stocks according to Reddit because of the company’s long dividend growth streak, currently standing at 62 years. The American multinational pharmaceutical industry company offers a quarterly dividend of $1.24 per share and has a dividend yield of 3.21%, as of May 18.

At the end of the December quarter of 2023, 81 hedge funds owned stakes in Johnson & Johnson (NYSE:JNJ), compared with 84 in the previous quarter, according to Insider Monkey’s database. These stakes have a consolidated value of nearly $4 billion. With over 6.3 million shares, Fisher Asset Management was the company’s leading stakeholder in Q4.