Johnson & Johnson ( JNJ) is the quintessential medicine cabinet stock. The company not only manufactures its well recognized Band-Aid brand of adhesive bandages but also is one of the largest global health care manufacturers of personal health care, medical device, medical diagnostic and pharmaceutical products. Be careful not to confuse Johnson & Johnson with SC Johnson, a privately held household product manufacturer of brands such as Glade, Pledge and Windex. These two companies are unrelated. >>5 Health Care Stocks Setting Up to Break Out Johnson & Johnson has an excellent diversified portfolio of products that the company continues to add to. It has a successful history of making small, incremental and strategically smart acquisitions, which have mostly been financed through debt issuance, leaving operating cash flow to cover dividend payouts. In addition, the company has historically boosted its dividend at a rate of 8 to 10% annually. Johnson & Johnson, one of Ken Fisher's holdings, shows up on lists of 8 Stocks to Help Keep the Bear Market at Bay and 22 Biopharma Stocks With Breakout Potential in 2012.