Johnson & Johnson
Liability Adjusted Cash Flow Yield: 6.4%
Dividend Yield: 3.63%
LACFY/10-Year Treasury Yield: 3.09Return on Invested Capital: 29% J&J is yet another Dividend Aristocrat that's cash-rich, yet annoyingly dabbles in ill-timed share repurchases. For instance, the company spent 3.12 times the money on share repurchases in 2008 (when the stock hit an all-time high) than in 2009, when the stock hit its lowest level since 2002. Despite these managerial missteps, Johnson & Johnson (JNJ - Get Report) has a very attractive dividend that is solidly supported by free cash flow and backed up by a very strong balance sheet. J&J won't make you rich overnight, but should offer income investors with steady, compounding growth (assuming that dividends are reinvested).