Top Dividend Stock Offering a Discount?

Quality items seldom go on sale, but that’s when we talk about a normal market. In a stock market that recently had its worst day since 1987, even the established blue-chip companies are now trading at much lower prices than before. In other words, it could be an opportunity to pick up some solid stocks on the cheap. And for income investors, the inverse relationship between dividend yield and stock price means, with the market sell-off, many stocks are yielding higher than before.

That’s why it’s a good idea to check out Johnson & Johnson (NYSE:JNJ). If you are a long-time dividend investor, Johnson & Johnson stock will need no introduction. The company has raised its dividend every year for the past 57 years, meaning it is a Dividend King, which is a title given only to companies with at least 50 consecutive years of annual dividend increases. Among the thousands of companies that trade on U.S. stock exchanges, only 30 hold that title.

Source: IncomeInvestors

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