5 Best Pharma Dividend Stocks To Buy in 2024

3. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 81

Johnson & Johnson (NYSE:JNJ) is next on our list of the best dividend stocks in the pharma sector. The company has been rewarding shareholders with growing dividends for the past 61 years and pays a per-share dividend of $1.19 every quarter. With a dividend yield of 3.00% as of March 4, JNJ is one of the best dividend stocks on our list.

As per Insider Monkey’s database of Q4 2023, 81 hedge funds reported having stakes in Johnson & Johnson (NYSE:JNJ), compared with 84 in the preceding quarter. The total value of these stakes is nearly $4 billion. With more than 6.3 million shares, Fisher Asset Management was the company’s leading stakeholder in Q4.

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