Investing

5 Elite and Very Safe Dividend Kings Are Also Wall Street Favorites

The company provides various perishable products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles and bacons, as well as such shelf-stable products as canned luncheon meats, nut butters, snack nuts, chilies, microwaveable meals, hashes, stews, tortillas, salsas and tortilla chips.

Hormel Foods also engages in the processing, marketing and sale of branded and unbranded pork, beef, poultry and turkey products. It offers nutritional food products and supplements, desserts and drink mixes, and industrial gelatin products. Its brands include Skippy, Spam, Hormel, Natural Choice, Applegate, Justin’s, Jennie-O, Café H, Herdez, Black Label, Sadler’s, Columbus, Gatherings, Wholly, Columbus, Planters, Planters Cheez Balls and Corn Nuts.

Investors receive a 1.96% dividend. Last month, Argus upgraded the stock to Buy with a $57 price target. Hormel Foods stock has a $47 consensus target, while the stock closed on Tuesday at $53.33.

Johnson & Johnson

With a diverse product base and an exceedingly popular and solid brand, this is among the most conservative big pharmaceutical plays, and vaccine demand could spike again. Johnson & Johnson (NYSE: JNJ) is one of the top market cap stocks in the health care sector and raised the dividend for shareholders this month for the 60th consecutive year.

With everything from medical devices to over-the-counter health items and prescription drugs, Johnson & Johnson 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, and it 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. All that makes the stock an outstanding holding for conservative investors with a long-term investment outlook.

Shareholders receive a 2.36% yield. The $195 Citigroup price target is higher than the consensus target of $186.84. Johnson & Johnson stock closed trading at $179.90 on Tuesday.


All five stocks have reasonable upside to the Wall Street targets, and they all pay very dependable dividends, given their Dividend King status. With even moderate appreciation in the share prices of these top companies, investors should be looking at double-digit total return potential. In a market that is very long in the tooth, that makes a ton of sense now, especially given the economic tsunami we may face sooner rather than later.

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