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 | 3.99% | 79.71% | 25.29% | 5.29% | 0.21% | 5.83% | 6.14% |
| Pfizer | 10.04% | 221.76% | 33.39% | 1.54% | 0.05% | 3.82% | 5.50% |
| Merck & Co | 3.99% | 63.72% | 20.12% | 5.49% | 0.29% | 8.26% | 5.52% |
| Abbott Laboratories | 2.35% | 65.30% | 35.23% | 5.10% | 0.15% | 12.74% | 13.80% |
| Medtronic | 3.27% | 84.54% | 25.42% | 2.25% | 0.09% | 13.50% | 9.60% |
| Bristol-Myers Squibb | 4.23% | -66.20% | -15.87% | 6.72% | -0.36% | 7.34% | 2.62% |
| Eli Lilly | 0.71% | 54.12% | 78.55% | 46.17% | 0.65% | 14.97% | 8.71% |
| AstraZeneca | 2.31% | 71.25% | 30.45% | 4.86% | 0.17% | 0.42% | -6.50% |
| GSK | 4.63% | 95.58% | 21.42% | 3.84% | 0.18% | -4.37% | -3.27% |
| Novartis | 7.32% | 43.31% | 11.80% | 4.80% | 0.41% | 5.40% | 4.35% |
| Sanofi | 3.26% | 0.00% | 8.12% | 0.79% | 0.10% | 12.94% | -11.90% |
| Cardinal Health | 1.70% | 39.27% | 22.77% | -8.77% | -0.38% | 1.10% | 5.38% |
| AbbVie | 4.65% | 212.79% | 57.53% | 48.85% | 0.66% | 10.52% | 13.98% |
| Amgen | 3.21% | 112.70% | 35.54% | 19.97% | 0.68% | 10.04% | 16.31% |
| Cigna | 2.12% | 64.59% | 37.64% | 2.13% | 0.06% | 161.81% | 61.80% |
| CVS Health | 5.96% | 66.07% | 14.00% | 0.94% | 0.07% | 3.89% | 10.40% |
| Gilead Sciences | 4.36% | 3862.70% | 868.45% | 5.92% | 0.01% | 5.64% | 0.00% |
| Humana | 1.27% | 31.94% | 24.61% | 1.90% | 0.08% | 12.10% | 12.71% |
| McKesson | 0.53% | 12.89% | 31.24% | -26.26% | -1.15% | 9.71% | 10.18% |
| Stryker | 0.82% | 33.40% | 41.26% | 7.35% | 0.18% | 9.58% | 10.74% |
| Zimmer Biomet | 0.65% | 18.29% | 20.71% | 1.81% | 0.09% | -12.94% | -4.98% |
| Becton Dickinson | 2.12% | 63.15% | 37.60% | 1.13% | 0.05% | 4.03% | 6.13% |
| Thermo Fisher Scientific | 0.38% | 9.29% | 31.70% | 3.97% | 0.13% | 15.54% | 8.84% |
| ResMed | 1.07% | 26.02% | 31.42% | 6.73% | 0.23% | 5.02% | 8.16% |
| Danaher | 0.45% | 19.86% | 42.88% | 3.25% | 0.07% | 10.41% | 26.51% |
| HCA Healthcare | 0.96% | 11.55% | 14.54% | -39.52% | -3.31% | 11.38% | 0.00% |
| Quest Diagnostics | 1.83% | 38.88% | 21.59% | 2.67% | 0.13% | 7.43% | 8.80% |
| Agilent Technologies | 0.74% | 19.25% | 26.05% | 6.24% | 0.23% | 8.32% | 6.35% |
| UnitedHealth | 1.71% | 51.26% | 38.01% | 5.45% | 0.16% | 16.14% | 21.35% |
| Laboratory of America | 1.21% | 56.05% | 46.03% | 2.45% | 0.05% | 0.00% | 0.00% |
| Perrigo | 4.04% | -97.16% | -24.18% | 0.82% | -0.03% | 7.52% | 11.43% |
| Fresenius Medical Care | 3.30% | 52.99% | 9.28% | 0.45% | 0.05% | 1.13% | 3.16% |
| Baxter International | 3.57% | 546.30% | 153.57% | 2.11% | 0.01% | 9.71% | -4.91% |
| Koninklijke Philips | 3.75% | 0.00% | -70.17% | 1.94% | -0.03% | 0.00% | 0.00% |
| Zoetis | 1.23% | 31.44% | 32.72% | 15.19% | 0.48% | 24.37% | 22.63% |
| West Pharmaceutical Services | 0.26% | 11.73% | 44.77% | 8.13% | 0.18% | 6.20% | 1.40% |