5 Best Vanguard Dividend Stocks with High Yields

1. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 83

Dividend Yield (as of May 17): 2.53%

Johnson & Johnson (NYSE:JNJ) is known as a dividend king, having grown its dividend payments for 59 years in a row. The firm deals in the development of pharmaceutical products, as well as consumer products related to baby care, skin care and oral care. As of May 17, its dividend yield stands at 2.53%. The firm declared on April 19 a quarterly dividend of $1.13 per share, which showed a 6.6% increase from its prior dividend of $1.06.

On May 17, Citi analyst Joanne Wuensch gave Johnson & Johnson (NYSE:JNJ) a ‘Buy’ rating and a price target of $205, down from $210. As of May 17, shares of Johnson & Johnson (NYSE:JNJ) have gained 4.91% in the last 12 months, and 10.11% in the last 6 months.

For the first quarter, Johnson & Johnson (NYSE:JNJ) recorded EPS of $2.67, beating estimates by $0.10. Q1 revenue stood at $23.4 billion, falling below consensus figures by $192.2 million but growing 4.95% year-on-year.

Johnson & Johnson (NYSE:JNJ) is a popular stock pick among the hedge funds tracked by Insider Monkey. At the close of Q4 2021, 83 reported owning positions in the firm with a combined value of $7.38 billion. The largest shareholder of Johnson & Johnson (NYSE:JNJ) at the end of the first quarter was Arrowstreet Capital, with a stake worth approximately $1.17 billion.

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