Dividend Stock Portfolio: 5 Stocks To Buy According to Reddit

2. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 88

Johnson & Johnson (NYSE:JNJ) is a popular stock among Redditors because of the company’s long streak of dividend growth. The company has raised its dividends for 61 straight years and currently pays a quarterly dividend of $1.19 per share. The stock’s dividend yield on September 20 came in at 2.94%. The community of retail investors also appreciated the company’s MedTech business.

The number of hedge funds tracked by Insider Monkey having stakes in Johnson & Johnson (NYSE:JNJ) grew to 88 in Q2 2023, from 86 in the previous quarter. The collective value of these stakes is over $4.1 billion.

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