Why This Stock's 2.7% Dividend Yield Could Be the Safest on Wall Street
Dividends are a popular wealth-building tool, but let's face it: A dividend is only as helpful as it is reliable. Chasing stocks because they have high dividend yields is a dangerous game; sometimes, a high yield reflects the market's concern that a company can't afford its payout.
Healthcare conglomerate Johnson & Johnson (NYSE: JNJ) could be your stock if dependability is your goal. You should keep tabs on every investment, but here is why Johnson & Johnson could be as close to a stock you can "buy and forget" as they come.
Healthcare is arguably one of the best industries you can invest in; it's a priority in society and it's massive. Worldwide healthcare spending is worth as much as $10 trillion today, a nearly endless market Johnson & Johnson can grow into.
Source Fool.com
