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JNJ) is one of the world's best dividend stocks. The healthcare giant has increased its dividend payment for 63 consecutive years. That's one of the longest dividend growth track records among publicly traded companies, firmly entrenching its elite status as a Dividend King, which are companies that have raised their dividends yearly for 50 years or more.The iconic healthcare company currently has a 2.7% dividend yield, which is more than double the S&P 500's (SNPINDEX: ^GSPC) level. Johnson & Johnson backs its high-yielding payout with one of the healthiest financial profiles in the world. That was evident in its recent third-quarter earnings report and plans for the future.Image source: Johnson & Johnson.Johnson & Johnson recently declared its fourth-quarter dividend payment of $1.30 per share. The payment announcement coincided with the company's release of its third-quarter financial results. Those numbers once again confirmed the health of its business and dividend payment.The healthcare company reported $24 billion in sales during the period, up nearly 7% compared to the prior-year period. Meanwhile, its adjusted net income topped $6.8 billion, an almost 16% jump compared to last year.Johnson & Johnson also continues to produce a healthy amount of free cash flow. It has generated roughly $14.2 billion through the first nine months of this year, just shy of the nearly $14.5 billion it produced in the same period of last year. That has easily covered its dividend payment, which was $3.1 billion in the quarter and $9.3 billion year to date.Meanwhile, the company maintains one of the healthiest balance sheets in the world. It ended the quarter with $19 billion in cash against $46 billion in debt, which supports its pristine AAA bond rating (tied for the best in the world).The company expects to continue delivering healthy financial results in the future. Its strong performance in the third quarter gave it the confidence to boost its full-year sales outlook. It now expects its sales to grow by 5.7% at the midpoint of its updated outlook, to $93.7 billion. That higher revenue growth rate will help offset higher costs, allowing the company to maintain its adjusted earnings growth outlook of an 8.7% increase at the midpoint to $10.85 per share.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,605.63 -65.43 (-0.98%)Dow 3045,820.45 -432.86 (-0.94%)Nasdaq22,461.53 -208.55 (-0.92%)Russell 20002,464.09 -55.66 (-2.21%)VIX24.50 +3.86 (+18.72%)Gold4,308.00 +106.40 (+2.53%)PortfolioSign in to access your portfolioSign inTop gainersPRAX Praxis Precision Medicines, Inc. 158.54 +101.19 (+176.44%)JBHT J.B. 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