5 Dividend Stocks to Buy and Hold

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1. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 88

Dividend Yield: 2.7%

Johnson & Johnson (NYSE:JNJ) is another healthcare or medical company on our list and is among the most popular dividend stocks to buy and hold today, having raised its yield for 59 years consecutively. The company was among the first to come up with an effective vaccine against the coronavirus pandemic as well.

Jayson Bedford from Raymond James holds an Outperform rating on shares of Johnson & Johnson (NYSE:JNJ) as of this October.

The company’s quarterly reports for the third quarter show an EPS of $2.60, beating estimates by $0.25. The revenue was $23.34 billion, up 10.70% year over year and beating the previous quarter’s revenue of $23.31 billion. Johnson & Johnson (NYSE:JNJ) has also gained about 2.39% year to date and 11.53% in the past year.

In the third quarter of 2021, 88 hedge funds held stakes in Johnson & Johnson (NYSE:JNJ) worth about $6.9 billion. The number of hedge funds holding stakes in the company in the second quarter was the same, at 88, and the stake value was $7.1 billion approximately.

See also Bill Gates’ Stock Portfolio: Top 15 Picks and 10 Best Stocks To Invest In Right Now.

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