Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
With the costs for procedures skyrocketing, many consumers have turned toward private or company-paid health insurance to cover costs and create better outcomes. Our latest Best Healthcare Dividend Stocks List pick happens to be one of the largest. With a COVID-19-induced pause to its dividend now over, our pick has once again started to deliver significant dividend growth and makes for an ideal play on the sector.
You can check out the Best Consumer Discretionary Dividend Stocks List to explore all the stocks.
As one of the largest health insurers in the nation, our pick courts millions of customers. The vast bulk of these come from employer- and government-issued plans. This has helped our firm generate steady and significant cash flow throughout its history. It’s also helped generate plenty of float interest as well.
But there is a growth side of our pick as well. With a new focus on higher margin areas like dental health, rare disease care and specialty pharma, our pick has seen tremendous growth. Meanwhile, a deleveraging of its balance sheet and continued restructuring into three separate business units has helped reduce costs and boost its overall case flow.
With a three-year dividend growth rate of nearly 400%, our pick has finally gotten its mojo back and represents a top name in the benefit management sector.
In addition to increasing our position in our health insurance stock, we’ve also increased our exposure to a medical device maker. To make room for our additional shares, we’ve reduced our exposure to two major biotech firms.