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...
The medical device industry experienced increased demand during the COVID-19 pandemic as governments, businesses and consumers loaded up on testing equipment. With the worst of the pandemic (hopefully) behind us, medical device manufacturers can no longer rely on COVID-19-induced demand. Our latest addition to the Best Health Care Dividend Stocks List saw its sales decline in Q4 due to falling demand for testing equipment. However, it remains well-positioned across several key segments, including nutrition, established pharmaceuticals and medical devices, and issued a positive guidance for fiscal 2023. Investors have until Thursday, April 13, to capitalize on the strategy to collect their $0.51 per share regular quarterly payable dividend.
You can check out the Best Health Care Dividend Stocks
List to explore all the stocks.
When we exclude COVID-19 testing sales, our pick reported better-than-expected revenue and EPS results in the fourth quarter. Its medical device business remains a global leader, and it continues to report strong growth in its diabetes segment. These factors make our pick an attractive value play for income investors looking to add a health care stalwart to their portfolios.
We’ve cut losses and sold off our holdings in a biopharmaceutical company to make room for our medical device pick.