Best Healthcare Dividend Stocks - For Big Profits in 2024
The healthcare industry is a vital and ever-growing sector that offers a unique combination of stability and growth potential, making it a compelling area for dividend investors. With an aging global population and continuous advancements in medical technology, healthcare companies are well-positioned to deliver consistent earnings and long-term returns. Many of these companies, from pharmaceuticals to medical devices, have strong cash flows and a commitment to rewarding shareholders through regular dividends. We’ll explore the top healthcare dividend stocks, providing a look at why this sector remains a resilient and reliable option for investors seeking both income and portfolio diversification.
| Stock | Dividend Yield | Pay-out Ratio | P/E Ratio | P/B Ratio | ROE | 5y Dividend Growth | 10y Dividend Growth |
|---|---|---|---|---|---|---|---|
| Johnson & Johnson | 3.27% | 79.71% | 24.65% | 5.16% | 0.21% | 5.54% | 5.93% |
| Pfizer | 6.32% | 221.76% | 35.59% | 1.64% | 0.05% | 3.13% | 4.91% |
| Merck & Co | 3.20% | 63.72% | 20.31% | 5.54% | 0.29% | 6.66% | 5.83% |
| Abbott Laboratories | 1.76% | 65.30% | 38.31% | 5.55% | 0.15% | 11.44% | 9.60% |
| Medtronic | 3.03% | 84.54% | 27.51% | 2.43% | 0.09% | 5.65% | 8.85% |
| Bristol-Myers Squibb | 4.06% | -66.20% | -16.67% | 7.06% | -0.36% | 7.91% | 5.17% |
| Eli Lilly | 0.65% | 54.12% | 86.66% | 50.93% | 0.65% | 15.05% | 10.25% |
| AstraZeneca | 2.12% | 71.25% | 33.21% | 5.30% | 0.17% | 1.05% | -6.21% |
| GSK | 3.57% | 95.58% | 45.85% | 8.22% | 0.18% | -0.99% | -3.04% |
| Novartis | 3.71% | 43.31% | 11.64% | 4.73% | 0.41% | 8.03% | 3.34% |
| Sanofi | 4.33% | 104.39% | 14.12% | 0.88% | 0.06% | 4.79% | -1.83% |
| Cardinal Health | 1.58% | 39.27% | 24.58% | -9.47% | -0.38% | -4.66% | 1.29% |
| AbbVie | 3.60% | 212.79% | 60.37% | 51.27% | 0.66% | 7.69% | 14.08% |
| Amgen | 3.21% | 112.70% | 35.58% | 20.00% | 0.68% | 9.18% | 13.94% |
| Cigna | 1.85% | 50.71% | 27.75% | 2.00% | 0.07% | 168.67% | 63.91% |
| CVS Health | 4.64% | 66.07% | 14.39% | 0.96% | 0.07% | 5.87% | 9.23% |
| Gilead Sciences | 3.28% | 3862.70% | 928.82% | 6.33% | 0.01% | 4.10% | 0.00% |
| Humana | 1.17% | 31.94% | 26.86% | 2.08% | 0.08% | 9.98% | 12.30% |
| McKesson | 0.44% | 12.89% | 30.60% | -25.72% | -1.15% | 10.70% | 10.73% |
| Stryker | 0.82% | 33.40% | 41.95% | 3.51% | 0.12% | 8.70% | 9.90% |
| Zimmer Biomet | 0.86% | 18.29% | 20.88% | 1.83% | 0.09% | 0.00% | 0.87% |
| Becton Dickinson | 1.60% | 63.73% | 40.85% | 1.23% | 0.05% | 4.64% | 5.70% |
| Thermo Fisher Scientific | 0.27% | 9.29% | 36.38% | 4.56% | 0.13% | 15.47% | 10.03% |
| ResMed | 0.81% | 26.02% | 32.98% | 7.07% | 0.23% | 5.85% | 6.66% |
| Danaher | 0.44% | 19.86% | 46.04% | 3.49% | 0.07% | 9.69% | 10.44% |
| HCA Healthcare | 0.84% | 11.55% | 13.56% | 0.00% | -4.39% | 10.53% | 0.00% |
| Quest Diagnostics | 1.93% | 38.88% | 20.68% | 2.55% | 0.13% | 6.90% | 8.66% |
| Agilent Technologies | 0.63% | 21.26% | 33.60% | 7.34% | 0.21% | 7.30% | 9.21% |
| UnitedHealth | 1.54% | 50.95% | 34.27% | 0.00% | 0.21% | 14.59% | 19.26% |
| Laboratory of America | 1.17% | 56.05% | 47.45% | 2.53% | 0.05% | 0.00% | 0.00% |
| Perrigo | 4.45% | -97.16% | -22.01% | 0.75% | -0.03% | 6.13% | 10.15% |
| Fresenius Medical Care | 2.68% | 52.99% | 10.53% | 0.51% | 0.05% | -0.64% | 1.75% |
| Baxter International | 3.18% | 546.30% | 154.37% | 2.12% | 0.01% | 4.12% | -6.56% |
| Koninklijke Philips | 3.51% | 0.00% | -74.67% | 2.06% | -0.03% | 0.00% | 0.00% |
| Zoetis | 1.07% | 31.44% | 31.43% | 14.59% | 0.48% | 21.37% | 19.62% |
| West Pharmaceutical Services | 0.23% | 11.73% | 50.27% | 9.13% | 0.18% | 5.84% | 7.05% |