Retirement Stock Portfolio: 5 Safe Dividend Stocks To Consider

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1. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 84

Johnson & Johnson (NYSE:JNJ) tops our list of the best dividend stocks for a retirement stock portfolio. The American multinational healthcare company has raised its dividend payouts for 61 consecutive years and it currently offers a quarterly dividend of $1.19 per share. As of November 27, the stock has a dividend yield of 3.12%.

At the end of the third quarter of 2023, 84 hedge funds tracked by Insider Monkey reported having stakes in Johnson & Johnson (NYSE:JNJ), worth collectively over $4.1 billion.

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You can also take a look at 11 Most Undervalued Utility Stocks to Buy According to Hedge Funds and 11 Best Halal Dividend Stocks To Buy

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