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Columbia Dividend Income Fund also added to an old stand-by: the reliably high-yielding Johnson & Johnson ( JNJ). The mutual fund boosted its stake by adding 224,200 shares, which now makes it 1.7% of its portfolio, or its 15th-largest holding. Johnson & Johnson is the world's biggest and most diverse health-care company, with a market value of $176 billion. The company comprises three divisions: pharmaceutical, medical devices and diagnostics, and consumer products. It pays a dividend yield of 3.54% and its shares are up 5.8% this year.


The Vanguard Dividend Growth Fund initiated a huge position in defense contractor Northrop Grumman ( NOC), buying 2.2 million shares, making it its eighth-largest holding. The company builds everything from lunar space modules to parts for aircraft carriers. Although the defense budget is likely to shrink due to Congressional efforts to cut the budget deficit, Northrop's strength in the information systems, electronic systems and aerospace industries should keep it healthy. It carries a 3.76% dividend yield and its shares are down 7.8% this year.

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