Johnson & Johnson

Johnson & Johnson is one of the world's largest healthcare companies, focused on pharmaceuticals and medical devices after spinning off its consumer-health arm. Its diversified drug pipeline and leading positions in areas such as oncology, immunology and surgical devices give it deep, resilient earnings and one of the strongest balance sheets in the sector. The company is among the most dependable dividend payers in the market, having raised its distribution for decades without interruption, through recessions and industry upheavals alike. The yield is moderate, but the combination of a long, unbroken growth streak, ample cash flow and a top-tier credit rating makes this a benchmark income holding. Its dividend profile ranks among the most reliable available to conservative investors.