Stellar quarterly earnings in one of the economy’s most vital sectors can put any company on the map. Our Big Pharma pick is no stranger to the Best Healthcare Dividend Stocks List. This time, its reaffirmation is aided by the introduction of new COVID-19 medication, impressive revenue numbers, and a stock price that has weathered the recent Wall Street bloodbath.
The S&P 500 Index is down over 16% since the start of 2022, but our healthcare dividend stock has gained 14% over the same period. To be sure, the stock began to turn a corner in late February and has seen its momentum grow following its first-quarter earnings report. The company is on the leading edge of the fight against COVID-19 and is beginning to reap the benefits of major investments in expanded manufacturing capacity. Investors who hold this stock can expect to receive their next ex-dividend payment on June 23, 2022 (estimated date).
Our pick has been around for over 100 years but only recently made it on income investors’ radar. The stock yields 3.1%, which is more than double the healthcare average. Its dividend payouts have grown in each of the past 10+ years, demonstrating stability since the 2008-09 financial crisis.
You can check out the Best Healthcare Dividend Stocks List