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4.5% Yielding Biopharma Company Added to Best Health Care Dividend Stocks List

The healthcare sector isn’t known for producing high dividend yields. However, our latest addition to the Best Healthcare Dividend Stocks List is a biotechnology company that boasts a dividend yield that is nearly 3x higher than the S&P 500 average. Although our pick’s payout ratio may seem high, its strong cash position and high-growth portfolio should translate into solid dividend growth.

Thanks to its growing catalog of anticancer and antiviral treatments and strong performance during the COVID-19 pandemic, our pick has become a cash flow juggernaut over the past four quarters. The company’s oncology revenues reached a new all-time high in the second quarter of 2022, with product sales outside of its COVID-19 treatments registering strong year-over-year growth.

To make room for our biopharma pick, we’ve booked profits and sold off our holdings of a healthcare and pharmaceutical supplies manufacturer.

You can check out the Best Health Care Dividend Stocks List to explore all the stocks.

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