2024-04-29 10:23:00 ET
Johnson & Johnson (NYSE: JNJ) is arguably one of the safest dividend stocks in the world. The healthcare giant generates durable cash flow and has a fortress-like balance sheet . These features put its 3.4% yielding dividend on a rock-solid foundation.
Here's why those seeking a bankable income stream should invest in Johnson & Johnson .
Johnson & Johnson is one of only two companies in the world with a AAA bond rating from two or more credit rating agencies; Microsoft is the other. That's better than the U.S. federal government, which only has one AAA rating remaining . The company's prime credit rating means it has an extremely strong capacity to meet its financial obligations.
For further details see:
Johnson & Johnson Is a King of Dividend Safety