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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.

StockDividend YieldPay-out RatioP/E RatioP/B RatioROE5y Dividend Growth10y Dividend Growth
Johnson & Johnson3.04%84.05%27.89%5.49%0.20%5.54%5.93%
Pfizer6.60%118.69%18.10%1.64%0.09%3.13%4.91%
Merck & Co3.29%45.80%14.06%5.20%0.39%6.66%5.83%
Abbott Laboratories1.72%28.62%16.78%4.72%0.32%11.44%9.60%
Medtronic3.02%84.62%27.79%2.40%0.09%5.65%8.85%
Bristol-Myers Squibb3.96%-54.35%-13.85%7.59%-0.53%7.91%5.17%
Eli Lilly0.67%33.16%68.41%50.58%0.77%15.05%10.25%
AstraZeneca2.01%65.80%33.80%5.83%0.18%1.05%-6.21%
GSK3.96%94.91%23.99%4.52%0.18%-0.99%-3.04%
Novartis3.00%63.85%18.16%4.92%0.28%8.03%3.34%
Sanofi3.51%84.60%23.97%1.72%0.07%4.79%-1.83%
Cardinal Health1.60%37.71%23.33%-10.22%-0.41%-4.66%1.29%
AbbVie2.97%257.71%87.29%112.31%0.71%7.69%14.08%
Amgen2.92%118.14%41.32%28.75%0.67%9.18%13.94%
Cigna1.83%45.63%25.57%2.14%0.08%168.67%63.91%
CVS Health4.05%73.10%17.94%1.10%0.06%5.87%9.23%
Gilead Sciences2.72%1020.21%294.71%7.32%0.03%4.10%0.00%
Humana1.41%35.71%25.11%1.85%0.07%9.98%12.30%
McKesson0.43%11.89%28.70%14.70%-9.21%10.70%10.73%
Stryker0.89%40.73%46.29%6.71%0.15%8.70%9.90%
Zimmer Biomet0.89%21.68%24.08%1.51%0.07%0.00%0.87%
Becton Dickinson1.28%65.26%38.48%2.64%0.07%4.64%5.70%
Thermo Fisher Scientific0.31%9.20%30.75%3.93%0.13%15.47%10.03%
ResMed0.94%23.76%25.84%6.14%0.25%5.85%6.66%
Danaher0.53%19.70%37.83%2.98%0.08%9.69%10.44%
HCA Healthcare0.86%11.98%13.58%-31.31%-2.92%10.53%0.00%
Quest Diagnostics 1.74%38.00%22.03%2.83%0.13%6.90%8.66%
Agilent Technologies0.75%21.92%28.68%5.99%0.21%7.30%9.21%
UnitedHealth 1.72%52.29%30.56%0.00%0.21%14.59%19.26%
Laboratory of America1.15%32.59%28.13%2.61%0.09%0.00%0.00%
Perrigo4.17%-91.26%-22.10%0.86%-0.04%6.13%10.15%
Fresenius Medical Care2.74%64.91%23.28%0.86%0.04%-0.64%1.75%
Baxter International2.66%-90.91%-27.15%2.53%-0.08%4.12%-6.56%
Koninklijke Philips3.51%0.00%-31.79%1.86%-0.06%-1.59%-0.63%
Zoetis1.12%31.62%29.24%15.24%0.50%21.37%19.62%
West Pharmaceutical Services0.35%12.00%34.42%6.32%0.18%5.84%7.05%