5 Boring Stocks That Make Money

1. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 88

Dividend Yield: 2.60%

Trailing P/E: 24.66

Forward P/E: 15.73

Topping the list of 10 boring stocks that make money is Johnson & Johnson (NYSE:JNJ). The 135-year-old healthcare company manufactures and sells a wide range of products, including medical devices, pharmaceutical therapeutics, and consumer health products.

Johnson & Johnson (NYSE:JNJ) has increased its dividends in the last 59 years and currently pays its shareholders an annual dividend of $4.24 per share and offers a payout ratio of 61.50%.

In the second quarter of 2021, Johnson & Johnson (NYSE:JNJ) reported an EPS of $2.48, beating estimates by $0.20. The company’s revenue in the second quarter came in at $23.31 billion, up 27.1% year over year, and beat estimates by $802.29 million.

At the end of the second quarter of 2021, 88 hedge funds in the database of Insider Monkey held stakes worth $7.05 billion in Walmart Inc. (NYSE:WMT), up from 81 in the previous quarter worth $6.91 billion.

You can also take a peek at the 10 High Yield Dividend Champions and Cathie Wood is Dumping These 15 Stocks.

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