I Think Johnson & Johnson Is the Best Dividend Stock to Buy Right Now
The company is firing on all cylinders.
Overview
There are plenty of excellent dividend stocks, but right now, Johnson & Johnson (NYSE: JNJ) stands out. The healthcare leader has a rock-solid business, and recent developments have made the stock even more attractive. Here's more on what makes Johnson & Johnson such an attractive dividend stock.
Every investor has different goals, levels of risk tolerance, and starting capital. So they won't all gravitate toward the same companies. Still, there is significant overlap in the qualities investors look for in dividend stocks. For me, one of the most important criteria is the underlying business's financial health. Any other factor matters little if the corporation faces severe challenges that it is unlikely to overcome. That often leads to dividend cuts, or worse, the company may even stop paying dividends for a while. Another important thing I look for is a corporation's dividend track record.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.