5 Best Long-Term Dividend Stocks To Buy Now

3. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 81

An American multinational pharmaceutical industry company, Johnson & Johnson (NYSE:JNJ) is next on our list of the best dividend stocks for long-term investors. In April this year, the company achieved its 62nd annual consecutive dividend hike. Currently, it pays a quarterly dividend of $1.24 per share and has a dividend yield of 3.29%, as of May 13.

Of the 933 hedge funds tracked by Insider Monkey at the end of Q4 2023, 81 funds owned stakes in Johnson & Johnson (NYSE:JNJ), compared with 84 in the previous quarter. The consolidated value of these stakes is roughly $4 billion.

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