This Controversial Move Could Save Johnson & Johnson Billions
Johnson & Johnson (NYSE: JNJ) has been a top healthcare company for decades. From selling pharmaceuticals to producing a wide range of consumer products, it's become a household name. It's also a popular stock for investors, consistently generating strong numbers plus paying a generous dividend that, at 2.4%, is well above the S&P 500 average (1.3%).
However, the company faces many legal challenges that could put a dent in its financials. Lawsuits relating to opioids and talc-based baby powder may saddle it with billions in legal fees for years to come. Talc lawsuits are particularly concerning for investors, given how many of them there are. But there is a way the company can significantly reduce its liabilities.
Image source: Getty Images.
Source Fool.com
