Billionaire Ray Dalio’s Top 5 Dividend Stock Picks

2. Johnson & Johnson (NYSE:JNJ)

Bridgewater Associates’ Stake Value: $556,054,905
Dividend Yield as of May 17: 2.98%

Johnson & Johnson (NYSE:JNJ) is one of the world’s largest pharmaceutical industry companies. It currently pays a quarterly dividend of $1.19 per share, having raised it by 5.3% in April this year. This marked the company’s 62nd consecutive year of dividend growth. The stock has a dividend yield of 2.98%, as of May 17.

During Q1 2023, Bridgewater Associates increased its position in Johnson & Johnson (NYSE:JNJ) by 1%. The hedge fund ended the quarter with JNJ stakes worth over $556 million. The company represented 3.39% of its 13F portfolio.

According to Insider Monkey’s Q4 2022 database, 84 hedge funds had investments in Johnson & Johnson (NYSE:JNJ), with a total value of over $5.5 billion.

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