5 Best Blue Chip Stocks To Buy Now

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1. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 88 

Consecutive Years of Dividend Payouts: 59    

Dividend Yield: 2.48%  

Johnson & Johnson (NYSE:JNJ) announced late last year that it would be splitting into separate firms, one focusing on consumer health products and the other handling the pharma business. Analysts expect the separate entities to deliver more value to shareholders in the long-term since it will allow the businesses to grow on their own. Johnson & Johnson (NYSE:JNJ) expects to split within the next two years. 

On January 4, Johnson & Johnson (NYSE:JNJ) declared a quarterly dividend of $1.06 per share, in line with previous. At the end of the third quarter of 2021, 88 hedge funds in the database of Insider Monkey held stakes worth $6.8 billion in Johnson & Johnson (NYSE:JNJ). 

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