5 Dividend Stocks With Growth Potential

4. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 88

Dividend Yield: 2.7%

Number of Years of Dividend Growth: 59

Johnson & Johnson (NYSE:JNJ) is a New Jersey based healthcare company. The company has been noted to have showed more strength than expected in light of its third quarter earnings report, according to Raymond James analyst. Jayson Bedford from Raymond James has as such reiterated an Outperform rating on shares of Johnson & Johnson (NYSE:JNJ) in October.

Johnson & Johnson’s (NYSE:JNJ) third quarter earnings report showed an EPS of $2.60, beating estimates by $0.25. The company’s revenue was $23.34 billion. Johnson & Johnson (NYSE:JNJ) has also gained 1.73% year to date and 10.04% in the past year.

Out of 867 funds, 88 funds held stakes in Johnson & Johnson (NYSE:JNJ) in the third quarter, worth $6.9 billion.