The healthcare sector has long been prized by dividend investors thanks to its high-margins, steady demand, and recession resistant nature. The COVID-19 Crisis has only served to throw more fuel onto the fire and add extra importance- and revenues- to the sector. Our Best Dividend Protection Stocks Model Portfolio pick is a perfect example of both factors.
Our pick is one of the largest healthcare concerns on the planet with blockbuster drugs, devices, and other healthcare related products under its belt. This huge global size has allowed it to be a top dividend name for decades. Try sixty of them.
But our pick is finding new ways to grow. This includes its top-selling COVID-19 vaccine and medicines as well as a planned spin-off to unlock more value at its higher growth biotech and drug divisions. With new growth avenues and strong cash flows, our pick is a great income stock for conservative investors. Watch for when the stock goes ex-dividend on Wednesday, May 25 (estimated date).
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
