5 Best American Dividend Stocks To Buy Now

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1. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 88

Johnson & Johnson (NYSE:JNJ) tops our list of the best dividend stocks to buy now. The American multinational healthcare company offers a quarterly dividend of $1.19 per share for a dividend yield of 3.15%, as recorded on November 4. The company holds a 61-year track record of dividend growth.

At the end of Q2 2023, 88 hedge funds tracked by Insider Monkey reported having stakes 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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