Johnson & Johnson: A Defensive Dividend King Set To Outperform The S&P 500

Summary:

  • Johnson & Johnson is a safe and stable business with an AAA rating and a 60+ year history of dividend increases.
  • JNJ has a strong balance sheet, generating significant free cash flow and having the resources for investments and shareholder rewards.
  • The stock trades at an attractive valuation with potential for dividend growth and EPS growth.
  • The company reported solid Q3 earnings with 6.8% YoY sales growth, driven by strong performance in both its Medtech and Innovative Medicine segments.

Johnson & Johnson Quarterly Earnings Top Estimates As Pharmaceutical Sales Surge

Mario Tama

Dear readers,

Johnson & Johnson (NYSE:JNJ) is arguably one of the safest businesses in the world, as it is one of only two companies that have an AAA rating which is higher than the AA+ rating of the


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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