Is Johnson & Johnson a Great Dividend Stock?

Most pharmaceutical companies out there are working hard to win the coronavirus vaccine race. Pharma and consumer goods giant Johnson & Johnson (NYSE: JNJ) is among them.

But the holding company is more than just a coronavirus vaccine contender. It offers a diversified business with three main segments: consumer health, pharmaceuticals, and medical devices. It is best known to the public for its brands in the consumer space.

I want to ignore the potential vaccine for the moment and focus on the company's core business to explain why it's a great dividend stock to invest in.

Source Fool.com