Johnson & Johnson
With a diverse product base and a very popular and solid brand, this is among the most conservative big pharmaceutical plays and 44% of fund managers own the stock. Johnson & Johnson (NYSE: JNJ) is one of the top market cap stocks in the health care sector and raised the dividend for shareholders this year for the 56th consecutive year.
With everything from medical devices to over-the-counter health items and prescription drugs, the company remains one of the most diversified health care names on Wall Street. It also has one of the most exciting pipelines of new drugs in the sector. All that makes the stock an outstanding holding for conservative investors with a long-term investment outlook.
Johnson & Johnson generates a little over half of its sales in international markets, which are expected to see higher spending on health care over the next 10 years and beyond.
The dividend yield is 2.58%. BofA Securities set a $200 price target. The consensus target for Johnson & Johnson stock is $188.29. The shares closed at $164.08 on Monday.
Procter & Gamble
The company offers a very solid dividend and is perhaps one of the safest consumer staples plays out there. Procter & Gamble Co. (NYSE: PG) is one of the world’s largest consumer products companies. Its many brands include Pampers, Tide, Bounty, Charmin, Gillette, Oral B, Crest, Olay, Pantene, Head & Shoulders, Ariel, Gain, Always, Tampax, Downy and Dawn. Some of these are among the most valuable brands in the world.
The company sells its products through mass merchandisers, e-commerce, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, baby stores, specialty beauty stores, high-frequency stores and pharmacies. The company has been very innovative in its product development process and uses that to help ensure future growth and cash flow. This should provide investors years of steady growth and dividends.
Shareholders receive a 2.50% dividend. The BofA Securities price objective is $160. The consensus figure is $153.05, and Procter & Gamble stock was last seen on Monday at $140.85 a share.
These five incredible blue chip leaders have raised the dividends they pay to shareholders for almost 60 years, which given the ups and downs of the economy over that period remains an amazing accomplishment. While there is no guarantee they will raise them for the next 60 years, investors can feel pretty confident that they will.
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