5 Best DRIP Stocks To Own

2. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 88

Johnson & Johnson (NYSE:JNJ) is an American multinational pharmaceutical and healthcare company. The company holds a 61-year track record of dividend growth and pays a quarterly dividend of $1.19 per share. With a dividend yield of 3.17%, JNJ is one of the best DRIP stocks to own.

At the end of June 2023, 88 hedge funds tracked by Insider Monkey owned stakes in Johnson & Johnson (NYSE:JNJ), compared with 86 in the previous quarter. These stakes have a total value of more than $4.1 billion.

Follow Johnson & Johnson (NYSE:JNJ)