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GROWTH AND INCOME: Johnson & Johnson
Ticker: JNJ
Market cap billions: $183.6
P/E ratio*: 16
Earnings growth**: 9%
Dividend yield: 2.7%

Johnson & Johnson is far more diversified than most pharmaceutical companies, selling everything from Band-Aid bandages to Tylenol painkillers. We like it because the company's dividend has grown at a rate of 14% over the past five years.

And during its last quarter, earnings jumped 9% on strong domestic and overseas sales. Among the top-performing brands were Listerine mouthwash and Zyrtec, an over-the-counter allergy medicine.

NEXT: GROWTH AND INCOME: Procter & Gamble
Last updated June 20 2008: 2:35 PM ET
Criteria include long-term earnings growth equal to or greater than the S&P 500's estimated 7% rate, dividend yield greater than the S&P 500's 2%, and P/E ratios below 27.
*Based on previous 12-months' reported earnings.
**Wall Street estimates for the next three to five years.
Source: Zacks Investment Research
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* : Time reflects local markets trading time.† - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges.• Disclaimer