Buy This Ultra-Safe High-Yield Dividend King Stock for Reliable Passive Income

Kenvue (NYSE: KVUE) stock is down since completing its spin-off from Johnson & Johnson (NYSE: JNJ) in August 2023. But with more than a year of results now in the books, investors have had time to acclimate to Kenvue as an independent entity.Kenvue is a stable stalwart with a growing dividend. But the lack of organic growth is unimpressive, and there's room for improvement from a cost standpoint.Here's why the future is bright for Kenvue and why the high-yield dividend stock is worth a closer look for risk-averse investors looking to boost their passive income stream.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool