With the COVID-19 pandemic moving into the endemic phase, the healthcare sector can get back to business and focus on long-term growth. Our Best Dividend Protection Stocks Model Portfolio pick is a perfect example of the potential for new drug discovery and the revenues that come along with future blockbusters.
Our pick is one of the largest healthcare conglomerates on the planet with its arsenal of blockbuster drugs, devices and other healthcare-related products under its belt. Its massive global size has allowed it to be a top dividend name for decades. In fact, it’s been paying dividends for over 60 years.
COVID-19 provided a nice boost to its dividend history. Going forward, our pick has plenty of plans for future growth with a series of potential blockbusters launching in the coming years as well as a spin-off to rid itself of relatively low-growth assets.
With plenty of potential, our pick is great for investors of all stripes. Watch when the stock goes ex-dividend on Monday, May 23.
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
