Health and safety have quickly become the topics du jour in the wake of the pandemic. Thanks to the COVID-19 crisis, many individuals and businesses are realizing the need for healthcare solutions and increased insurance options. For those providing these solutions, it’s been a bonanza of profits and that includes our latest pick in our Best Dividend Capture Stocks List.
Our selection is one of the largest health insurers in the world. Its massive size and scope have continued to drive its profitability and dividend growth for over a decade. Thanks to its huge size, our pick features an impressive float and is able to make the most out of premiums collected. At the same time, new forays into data capabilities have helped improve underwriting. Adding in its other complementary businesses—like owned/operated clinics, prescription drug distribution, and third-party healthcare data analytics—our pick has continued to see new sources of revenue growth.
Because of this, 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 Friday, March 11, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of one day after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest insurance 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.
