The COVID-19 crisis put the spotlight back on the healthcare sector in a big way. And now with many consumers starting to take on better health decisions and follow through on elective/postponed procedures, the healthcare sector is expected to see tremendous growth over the next few years. And that’s a boon for our Best Dividend Stocks Model Portfolio pick.
Our pick is a leader in the healthcare industry. Key to its success lies in its diversification. Its portfolio includes a major pharmaceutical distribution business, medical devices and services/tech applications for hospitals, doctors and clinics. This combination provides plenty of avenues for growth as well as stability. It’s here that our pick has become a dividend champion – with over three decades’ worth of dividend increases.
Now with smart M&A, data and new medical devices leading the way, our pick is poised to keep its 3.3% dividend growing for the long haul. Watch for when the stock goes ex-dividend on Friday, July 1.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
