Record-high inflation, the Fed’s hawkish stance, geopolitical turbulence, and growing recession fears kept the stock market highly volatile last year. However, Johnson & Johnson (JNJ) has been able to survive the market turmoil due to the defensive nature of its business and solid fundamentals.
The company is committed to returning value to its shareholders through attractive dividends. JNJ has a record of raising the dividend for 60 consecutive years. It pays a $4.52 per share dividend annually, which translates to a 2.51% yield on the current price. Its four-year average dividend yield is 2.60%. Its dividend payouts have grown at a 5.9% CAGR over the past three years and a 6% CAGR over the past five years.
