Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
Dividend logo

It’s no secret that healthcare spending continues to rise.

But what’s most amazing is the pace of spending growth. Since the 1960s, medical costs have risen a staggering 2000%. This compares to just a 700% jump in inflation over that time. Pushing the clock back to the year 2000 and the pace of spending increases hasn’t slowed down either. In that time, prescription drug costs have grown 69%, hospital care expenses by 60% and physician & clinical services has jumped 23%. All in all, healthcare spending in America is quickly rising to nearly 20% of the total GDP – a significantly higher proportion than any other major economy.

But as they say, “If you can’t beat them, join them.” And that is just what our leading medical devices Best Dividend Stocks List pick is doing.

As one of the largest medical device firms in the world, our new pick provides plenty of gear needed for doctors and hospitals to treat patients. This covers everything from one-time-use basic appliances to higher-tech implantables and heart pumps. The best part is our pick has been able to leverage its size to play the growing role of healthcare in our economy. This has continued to provide plenty of cash flows and dividends for its investors for decades.

And with a dose of high-tech new devices and a mega-sized M&A war-chest, our pick still has plenty of growth potential down the road. For investors looking to play the continued rise in healthcare spending, our pick could be the top play.

To summarize, here are five reasons why you should own this stock:

  1. Operates in over 160 countries with reported revenues of nearly $30 billion in 2017.
  2. Has managed to grow those sales at an average annual rate of over 12% over the last five years.
  3. Smartly uses M&A and asset sales to prune and build its portfolio to drive growth.
  4. Has increased its annual dividend payout for more than 40 consecutive years – with a big 9% jump coming over the summer.
  5. Healthy payout ratio of 39% and a yield of 2.07%.

Check out our original pick here.

To read the Full Story, Go Premium or Log In

Popular Articles

Premium Trade%20war
News

The Market Wrap for September 20: Trade Continues to Ease

With economic data being relatively good and the earnings season pretty much over, traders have...

Dividend Investing Ideas Center

Dividend History of the Consumer Staples Sector

Consumer staples have long been regarded as an essential component of any well diversified...

Premium Volatile%20markets
News

Are We Slipping Into the Abyss? The Markets Think So

Investors are certainly facing an interesting paradox these days.

Economic conditions are some of...