If the COVID-19 crisis did anything, it cast a spotlight on the need to have healthcare coverage. Now businesses and private consumers are scrambling to add policies. Demand for health insurance has never been higher. For firms issuing that insurance, these could be halcyon days. And our newest Best Dividend Protection Stocks Model Portfolio pick happens to be one of the biggest.
With over 117 million customers, our pick is one of the largest health insurance organizations in the nation. All those customers provide plenty of premiums and a juicy float that our pick has used to its advantage. Even better is that our pick continues to find growth via acquisition. These buyouts and additions continue to boost our pick’s bottom line.
In fact, over the last 12 months, which includes parts of the pandemic, trailing profits at our pick were over $5.5 billion.
And that’s why our pick has been able to offer an ever-increasing dividend for the last 10+ years. The combination of rising demand, strong underwriting, and a big float provides plenty of dividend strength for investors.
Watch for when the stock goes ex-dividend on February 15.
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
