Here's My Pick for the Smartest High-Yield Dividend Stock to Buy Right Now
Kenvue's dependable dividend is above average, and it could go even higher if the company is bought by Kimberly-Clark.
Overview
Kenvue (NYSE: KVUE) is often overlooked when investors think about the best healthcare dividend stocks. The company was only spun off from Johnson & Johnson three years ago, but counting its time as the consumer healthcare division with the parent company, it has increased its dividend for 64 consecutive years. That makes it a Dividend King, one of the few companies that have increased their dividends for 50 or more consecutive years.
It's not just longevity that makes Kenvue a good dividend stock, though. Its dividend yield at its current share price is 4.68%, more than four times the average S&P 500 dividend yield and nearly twice the dividend yield of the average Dividend King.
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Originally published at www.fool.com.
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