Johnson & Johnson
Dividend Yield: 3.02%
Johnson & Johnson (JNJ) isn’t dependable just because it provides everything from Band-Aids to Tylenol to baby shampoo. It also provides shareholders with steady-eddy dividend. Yes, Johnson & Johnson has been paying a dividend since 1944 — a long enough track record to make it a Dependable Dividend stock.
Plus, JNJ boasts a mind-blowing 51 consecutive years of dividend increases, with the payout more than tripling in the past decade alone.
That trend will more than likely continue considering Johnson & Johnson paid out a reasonable $2.40 per in dividends last year — only 47% of its adjusted earnings. Factoring in a recent dividend increase, JNJ is slated to tally a $2.59-per-share annual payout for 2013 — also 47% of the $5.46 per share Johnson & Johnson is slated to earn.
If you want consistency, you got it.
Things look just as promising when you consider cash. JNJ’s payout was just over half of its $4.43 in free cash flow per share for 2012. And the diversified consumer goods giant boasted over $17 billion on its balance sheet in the most recent quarter — a pretty hefty cushion in case waters get rough here or there.