Why Johnson & Johnson Is a Retiree's Dream Stock
Stocks as a rule are riskier than bonds or other fixed-income assets, but the downside to those right now is that Treasury bonds, bank accounts, and CDs are paying very low interest. As such, many retirees may be looking for safe-haven investments in stocks -- quality businesses that can be expected to grow steadily while delivering some dividend income in the process.
Johnson & Johnson (NYSE: JNJ) is a diversified titan in arguably the most critical industry in the world: healthcare. Its long track record of success and dividend payouts could make it "the" stock for retirees.
Johnson & Johnson is behind some of the most well-known health and personal care brands in the world, including:
Source Fool.com
