The COVID-19 crisis threw the spotlight on having quality healthcare coverage. Now, many private citizens and employers are looking for new ways to keep costs low while still having coverage. For those in the insurance industry, these have been some of the most lucrative times in history – and that includes the latest prospect on our Best Dividend Capture Stocks List.
Our pick is one of the largest health insurers around, with millions of private and corporate clients under its wing. And like many insurance stocks, our pick is able to feast on its lucrative float as it waits to pay out claims to doctors and hospitals. Adding in new tech innovations and continued underwriting improvements, our pick has managed to double its dividend in just five years.
It’s no wonder the company is 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 December 30, our pick is primed for the strategy as is evident from its historical track record of recovering within an average of 2 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest healthcare 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.
