The need for healthcare solutions and therapies is always constant. It’s no wonder the sector is recession resistant with high rates of growth. The COVID-19 crisis did nothing but to put the spotlight squarely on the sector and make it brighter. For stocks in the industry, these could indeed be halcyon days. And our latest Dividend Growth Stocks Model Portfolio pick is one of them.
Our pick is one of the top names in the healthcare sector and features a variety of business lines, including everything from cutting-edge medical devices and biotech drugs to consumer products and medicines. Its wide net has allowed our pick to grow in size into one of the largest healthcare firms on the planet. It’s also allowed the company to reward investors with rising dividends and buybacks for 60 years. The firm’s latest dividend announcement on January 4 was another reason for joy.
But that doesn’t mean the firm can’t still find growth and, in this case, that means slimming down. Our pick has announced that it’s planning on splitting in two, allowing it to unlock more growth and provide investors with plenty of extra dividend growth down the road.
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
