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60-Year-Increasing Healthcare Stock With a Focus on High Growth Areas Added to Best Dividend Growth Stocks Model Portfolio

If there’s one sector that offers both income stability and high growth, it has to be the healthcare sector. Innovation and continued demand drive plenty of growth for the sector, while blockbuster drugs and devices drive cash flow. For our newest Best Dividend Growth Stocks Model pick, it’s managed to do that for more than 60 years. And investors can catch its 2.6% yield before Monday, November 21, when the stock goes ex-dividend with a regular quarterly payout of $1.13 per share.

Our pick is a healthcare giant, with a portfolio spanning plenty of drugs, devices and other healthcare needs. It’s this portfolio of assets that have been able to deliver a great combination of stability as well as growth throughout its long history.

But our pick isn’t just resting on its laurels. Management has continued to find new ways to grow. This includes a hefty dose of biotech innovation, key medical device buyouts as well as a planned spin off of slow-moving consumer health assets.

The end result will be a dividend growth machine with plenty of cash flow backing up its payout.

In order to make room for our new healthcare pick, we’ve removed an insurance stock from the list.

You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.

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