Healthcare has started to emerge once again as the top sector for investors. With the pandemic spurning innovation and demand, many healthcare stocks have used their good fortune to make moves and keep the growth going. For our latest Best Dividend Protection Stocks Model Portfolio pick, this is certainly true.
Our pick is royalty among the sector – with a monster portfolio of devices, drugs and other healthcare needs under its massive umbrella. This huge portfolio of products has helped fund an enviable dividend increase track record of more than six decades.
But there is still growth to be had.
Thanks to its huge pipeline of new oncology and specialized medicines, our pick is poised for even more growth from its drug division. And with a pending spin-off of its slower-moving consumer assets, our pick has potential to unlock even more bang for shareholders. Watch for when the stock goes ex-dividend on Wednesday, August 24 (estimated date).
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
