Thanks to the pandemic, healthcare remains a top concern for many consumers. As a result, drug companies, medical device firms, and many insurers have seen their star rise. But only one unique group of stocks is poised to benefit directly from consumer demand. This group includes our latest pick for the Best Dividend Capture Stocks List.
The key word in that sentence is ‘benefit.’ And our pick happens to be one of the biggest benefit managers around. Starting off as a drugstore retailer, our pick has used its massive presence in the pharmacy sector to expand into tangential businesses. This includes clinics, virtual care facilities, and even healthcare insurance plans/tools for administrators. The end result of this expansion is robust cash flows and a rich dividend.
Because of this strength, our pick is also a great dividend capture play. A dividend capture strategy involves buying a stock before its ex-dividend date and then selling it after it has recovered the payout. With an ex-dividend date of Thursday, April 21, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 7.5 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest retail pick has the potential to give you what you need.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
