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 | 3.28% | 79.71% | 24.51% | 5.13% | 0.21% | 5.83% | 6.14% |
| Pfizer | 6.54% | 221.76% | 34.19% | 1.58% | 0.05% | 3.82% | 5.50% |
| Merck & Co | 2.97% | 63.72% | 21.58% | 5.89% | 0.29% | 8.26% | 5.52% |
| Abbott Laboratories | 1.90% | 65.30% | 34.76% | 5.04% | 0.15% | 12.74% | 13.80% |
| Medtronic | 3.30% | 84.54% | 25.16% | 2.23% | 0.09% | 13.50% | 9.60% |
| Bristol-Myers Squibb | 4.08% | -66.20% | -16.42% | 6.95% | -0.36% | 7.34% | 2.62% |
| Eli Lilly | 0.63% | 54.12% | 88.88% | 52.24% | 0.65% | 14.97% | 8.71% |
| AstraZeneca | 2.18% | 71.25% | 32.23% | 5.14% | 0.17% | 0.42% | -6.50% |
| GSK | 4.51% | 95.58% | 22.00% | 3.95% | 0.18% | -4.37% | -3.27% |
| Novartis | 7.37% | 43.31% | 11.72% | 4.76% | 0.41% | 5.40% | 4.35% |
| Sanofi | 3.22% | 0.00% | 8.23% | 0.80% | 0.10% | 12.94% | -11.90% |
| Cardinal Health | 1.64% | 39.27% | 23.63% | -9.11% | -0.38% | 1.10% | 5.38% |
| AbbVie | 3.52% | 212.79% | 60.84% | 51.67% | 0.66% | 10.52% | 13.98% |
| Amgen | 3.28% | 112.70% | 34.83% | 19.57% | 0.68% | 10.04% | 16.31% |
| Cigna | 1.74% | 50.71% | 29.56% | 2.13% | 0.07% | 161.81% | 61.80% |
| CVS Health | 4.68% | 66.07% | 14.27% | 0.96% | 0.07% | 3.89% | 10.40% |
| Gilead Sciences | 3.28% | 3862.70% | 924.26% | 6.30% | 0.01% | 5.64% | 0.00% |
| Humana | 1.25% | 31.94% | 25.08% | 1.94% | 0.08% | 12.10% | 12.71% |
| McKesson | 0.44% | 12.89% | 30.83% | -25.92% | -1.15% | 9.71% | 10.18% |
| Stryker | 0.84% | 33.40% | 40.60% | 7.23% | 0.18% | 9.58% | 10.74% |
| Zimmer Biomet | 0.66% | 18.29% | 20.38% | 1.78% | 0.09% | -12.94% | -4.98% |
| Becton Dickinson | 1.69% | 63.73% | 37.83% | 1.14% | 0.05% | 4.03% | 6.13% |
| Thermo Fisher Scientific | 0.29% | 9.29% | 32.43% | 4.06% | 0.13% | 15.54% | 8.84% |
| ResMed | 0.84% | 26.02% | 31.59% | 6.77% | 0.23% | 5.02% | 8.16% |
| Danaher | 0.46% | 19.86% | 42.33% | 3.21% | 0.07% | 10.41% | 26.51% |
| HCA Healthcare | 0.79% | 11.55% | 14.10% | -38.32% | -3.31% | 11.38% | 0.00% |
| Quest Diagnostics | 1.82% | 38.88% | 21.63% | 2.67% | 0.13% | 7.43% | 8.80% |
| Agilent Technologies | 0.70% | 21.10% | 29.84% | 6.52% | 0.21% | 8.32% | 6.35% |
| UnitedHealth | 1.31% | 51.26% | 39.06% | 5.60% | 0.16% | 16.14% | 21.35% |
| Laboratory of America | 1.19% | 56.05% | 46.54% | 2.48% | 0.05% | 0.00% | 0.00% |
| Perrigo | 3.88% | -97.16% | -25.24% | 0.86% | -0.03% | 7.52% | 11.43% |
| Fresenius Medical Care | 2.77% | 52.99% | 10.18% | 0.49% | 0.05% | -0.44% | 2.35% |
| Baxter International | 3.26% | 546.30% | 150.64% | 2.07% | 0.01% | 9.71% | -4.91% |
| Koninklijke Philips | 3.69% | 0.00% | -71.08% | 1.96% | -0.03% | 0.00% | 0.00% |
| Zoetis | 0.99% | 31.44% | 32.57% | 15.12% | 0.48% | 24.37% | 22.63% |
| West Pharmaceutical Services | 0.25% | 11.73% | 46.60% | 8.46% | 0.18% | 6.20% | 1.40% |