5 Best Dividend Kings 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 kings to buy. The American pharmaceutical company has been growing its dividends consistently for the past 61 years and currently pays a quarterly dividend of $1.19 per share. The stock’s dividend yield on September 23 came in at 2.97%.

As of the end of Q2 2023, 88 hedge funds owned stakes in Johnson & Johnson (NYSE:JNJ), up from 86 in the previous quarter, according to Insider Monkey’s database. These stakes are worth over $4.1 billion in total.

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