5 Best Safe Dividend Stocks For 2024

2. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 84
Payout Ratio: 44.8%

An American multinational healthcare company, Johnson & Johnson (NYSE:JNJ) is next on our list of the best dividend stocks. The company’s dividend growth streak currently stands at 61 years and it offers a quarterly dividend of $1.19 per share. The stock’s dividend yield on December 5 came in at 3.00%.

Insider Monkey’s third-quarter 2023 database showed that 84 hedge funds held investments in Johnson & Johnson (NYSE:JNJ), down slightly from 88 in the previous quarter. These stakes are collectively valued at over $4.1 billion.

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