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Two hundred and eighty-five thousand dollars. That’s not a small sum of money. And it just so happens to be the amount Fidelity pegs that the average retired couple will spend on healthcare over the course of retirement. What’s perhaps the scariest thing about that figure is that it’s about 3.6% higher than what Fidelity estimated last year.

What it shows is that healthcare spending and demand continue to rise over the long haul. And that’s great news for our Best Dividend Stocks List pick in the sector.

See the original article on our pick here.

As one of the largest medical device firms, our pick provides plenty of the necessary gear for doctors and hospitals that treat patients. This covers everything from one-time-use basic appliances to high-tech implantable devices and heart pumps. The best part is that our pick seems immune to so many of the proposals hitting the newswires about curbing the rise in healthcare expenses. It simply has its hands in such a variety of applications to be significantly affected.

For dividend seekers, this is wonderful news. The continued demand for healthcare products, as well as the steady rise in prices, has only strengthened our pick’s bottom line over its history. Moreover, its continued push into higher-margined, higher-tech devices using plenty of AI and data have only improved its prospects even further.

With the trends clearly in place and the wind at its back, our Best Dividend Stocks List pick in the healthcare sector could be exactly what your portfolio needs for both growth and income.

To summarize, here are five reasons why you should own this stock:

  1. Operates in over 160 countries with revenues clocking in at $7.5 billion during its latest quarter. That was a year-over-year increase of nearly 4.5%
  2. Member of S&P 500 Dividend Aristocrats with a long history of dividend increases – the last increase was almost 9%!
  3. Huge device portfolio, with a new focus on higher-margined medical devices.
  4. Positive results have allowed management to increase its cash flow and earnings estimates by nearly 2%, respectively.
  5. Healthy payout ratio of 39% and growing yield of 2.25%.

Our Best Dividend Stocks List has 20 of the highest-rated stocks by our proprietary rating system. Go Premium to find out the entire list.

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