Following the Ebola outbreak, the S&P 500 healthcare index outperformed the broader index. According to a report issued by McKinsey & Company, the healthcare industry grew at a CAGR of around 5% between 2012 and 2019. Retirees look for safety in stocks that offer long-term growth based on disruptive technologies. Among the different dividend-paying companies, the healthcare industry presents a significant investment option. UnitedHealth Group Incorporated, Johnson & Johnson, and Pfizer are three significant healthcare stocks.
Insider Monkey analyzes the list of the best healthcare stocks to buy. Cardinal Health, Inc. is the ninth-best healthcare company to purchase on our list. The company has a 34-year dividend growth track record and pays a $1.96 per share annual dividend, or 4.04 percent. Becton, Dickinson, and Company is ranked ninth. The Covid-19 test, which may be done at home, has been approved by the FDA. The company earned $2.74 per share in fiscal Q3 2021, exceeding predictions by $0.30. Amgen Inc. is ranked eighth. Piper Sandler is testing the company’s monoclonal antibody, AMG 451, to treat atopic dermatitis in adults. The stock has risen 69.3 percent in the last year, with year-to-date returns of 46.08 percent. Eli Lilly and Company pays a $3.40 per share yearly dividend. For the previous seven years, the corporation has increased its dividend. The board of directors declared a $0.50 per share quarterly dividend, yielding 2.39 percent. The dividend payout ratio of CVS Health Corp is 26.67 percent. On the list of the top healthcare stocks to purchase, the company is ranked sixth. For more details, click 10 Best Healthcare Stocks To Buy.
