The pandemic did nothing but bring the need for healthcare into the spotlight. For stocks in the sector, these could be the halcyon days. That means there is a long runway of growth for our newest Best Dividend Protection Stocks Model Portfolio pick.
Our pick is one of the largest medical device manufacturers on the planet and has a history of innovation. This has provided a huge base of cash flows and dividends to its investors for more than 40 years straight.
But our pick is finding plenty of extra growth from technology and more advanced devices. Second, people have started to undertake pandemic-delayed needed care. This has provided a welcome boost to our pick’s bottom line in recent quarters.
With a strong base of demand and rising margins, our pick is a great income stock for conservative investors. Watch for when the stock goes ex-dividend on Friday, July 8 (estimated date).
To make room for this MedTech stock pick, we had to remove an industrial stock from our list this week.
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
