Income investors will appreciate J&J's 2.8% dividend yield, which is significantly higher than the average 1.7% yield of the S&P 500 index. With its dividend payout ratio set to come in at around 45% for 2023, investors can be confident that J&J's dividend is quite safe with room for increases. The cherry on top is that shares of the company can be picked up at a forward price-to-earnings (P/E) ratio of 15.6, which is in line with the sector average.
https://www.fool.com/investing/2023/04/17/2-best-biotech-stocks-to-buy-for-the-long-haul/