15 Safe Dividend Kings for This Summer: Part 2

By Larry Gellar Johnson & Johnson (JNJ) – After an extraordinarily strong spring, Johnson & Johnson has leveled off a bit. Regardless, this stock represents safety in an otherwise uncertain economy. Johnson & Johnson is only one of four U.S. companies with a AAA credit rating, and this could be important if U.S. bonds lose their AAA status. (The other three companies are Microsoft (MSFT), Automatic Data Processing (ADP), and Exxon Mobil (XOM), which is discussed below.) Johnson & Johnson is also well-known for its generous dividends, currently set at a yield of 3.40%. Additionally, the business overall is very well-diversified – Johnson & Johnson's products range from things you would find in a grocery store to obscure medical diagnostics. Although the company has been hurt a bit in the past couple of years by product recalls, it is unlikely that this will continue to negatively affect the stock in the future. Furthermore, the recent acquisition of Synthes, a company that specializes in trauma and bone fractures, is a deal that will certainly add value to JNJ. Consider reading this for more info on the transaction. Particularly important is that Synthes' technologies are used in necessary surgeries that happen all the time regardless of [...]

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