Stability, solid financials, a whopping market capitalization, and consistent dividends -- hallmarks of blue-chip stocks -- are what income investors look for. The definition of a blue-chip stock, Johnson & Johnson (NYSE: JNJ) has paid a consistent dividend for 57 years and currently holds a market capitalization of $341 billion.
As the largest healthcare company globally, Johnson & Johnson has traditionally maintained a good reputation among both customers and investors. However, the company has recently been fighting off several lawsuits that have dropped the company from favor with investors unwilling to take a risk on an unexpected outcome. Before writing off the company altogether, let's look deeper into the current value and growth Johnson & Johnson provides.
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