5 Best Quality Dividend Stocks to Buy

2. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 86

Johnson & Johnson (NYSE:JNJ) is one of the largest and most diversified healthcare conglomerates globally, encompassing multiple sectors within the healthcare field. In the first quarter of 2023, the company reported revenue of $24.7 billion, which showed a 5.6% growth from the same period last year. Its MedTech segment also showed a 7.3% year-over-year growth at $7.4 billion.

Johnson & Johnson (NYSE:JNJ) is one of the strongest dividend payers in the market with 62 years of consistent dividend growth. It pays a quarterly dividend of $1.19 per share for a dividend yield of 3.01%, as recorded on July 12.

The number of hedge funds tracked by Insider Monkey owning stakes in Johnson & Johnson (NYSE:JNJ) grew to 86 in Q1 2023, from 84 in the previous quarter. These stakes have a consolidated value of over $4.5 billion.

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