There are very few sectors and industries that blend both growth and stability into one. It’s a rare combination and the healthcare sector fits the bill to a “T.” Our latest Best Dividend Growth Stocks Model Portfolio pick has been using this combination to its advantage for over five decades!
Our pick is a medical device giant, with a huge portfolio of devices under its umbrella. These range from simple diagnostic tests to more advanced A.I.-driven smart devices as well as a portfolio of generic/branded drugs. The combination has given our pick a perfect blend of revenues – both steady and fast-moving.
The end result for investors has been a long runway of dividend growth and a history of buybacks.
With plenty of innovation still on its plate and a huge pipeline of devices ready to be unleashed, our pick makes an ideal choice for growth-oriented dividend investors. Watch for when the stock goes ex-dividend on Tuesday, August 2 (estimated date).
To make room for this healthcare stock, we’ve reduced exposure to another healthcare firm on our list this week.
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
