1 Dividend King to Buy Hand Over Fist Right Now
Kenvue offers both a great short-term and long-term payoff to investors.
1 Dividend King to Buy Hand Over Fist Right Now
Overview
Kenvue (NYSE: KVUE) was a part of Johnson & Johnson until the parent company spun off its consumer health division to form the company nearly three years ago. As a spun-off entity, Kenvue retained the title of Dividend King, an elite group of public companies that have raised their dividend annually for 50 or more consecutive years.
Since the spinoff, Kenvue has continued to increase its dividend, including a 1.2% bump last year to $0.275 per share. That's 63 consecutive years of increases. The dividend yield is a sizable 4.53% at its current share price.
Here are three reasons to buy the healthcare stock hand over fist right now, either for income-oriented investors or as a short-term move:
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Originally published at www.fool.com.
