Investors looking for reliable dividend stocks to buy will inevitably run into Johnson & Johnson (NYSE: JNJ). The stock offers an above-average yield, and it's a Dividend King that has raised its payout in each of the past 60 years.

This April, the company will most likely declare its sixty-first consecutive annual dividend raise. A disappointing performance in the fourth quarter of 2022, though, left investors more than a little worried about long-term growth.

Is Johnson & Johnson still a good dividend stock to buy or should you look elsewhere to bolster your passive income-generating portfolio?

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Source Fool.com