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 | 3.04% | 84.05% | 27.89% | 5.49% | 0.20% | 5.54% | 5.93% |
| Pfizer | 6.60% | 118.69% | 18.10% | 1.64% | 0.09% | 3.13% | 4.91% |
| Merck & Co | 3.29% | 45.80% | 14.06% | 5.20% | 0.39% | 6.66% | 5.83% |
| Abbott Laboratories | 1.72% | 28.62% | 16.78% | 4.72% | 0.32% | 11.44% | 9.60% |
| Medtronic | 3.02% | 84.62% | 27.79% | 2.40% | 0.09% | 5.65% | 8.85% |
| Bristol-Myers Squibb | 3.96% | -54.35% | -13.85% | 7.59% | -0.53% | 7.91% | 5.17% |
| Eli Lilly | 0.67% | 33.16% | 68.41% | 50.58% | 0.77% | 15.05% | 10.25% |
| AstraZeneca | 2.01% | 65.80% | 33.80% | 5.83% | 0.18% | 1.05% | -6.21% |
| GSK | 3.96% | 94.91% | 23.99% | 4.52% | 0.18% | -0.99% | -3.04% |
| Novartis | 3.00% | 63.85% | 18.16% | 4.92% | 0.28% | 8.03% | 3.34% |
| Sanofi | 3.51% | 84.60% | 23.97% | 1.72% | 0.07% | 4.79% | -1.83% |
| Cardinal Health | 1.60% | 37.71% | 23.33% | -10.22% | -0.41% | -4.66% | 1.29% |
| AbbVie | 2.97% | 257.71% | 87.29% | 112.31% | 0.71% | 7.69% | 14.08% |
| Amgen | 2.92% | 118.14% | 41.32% | 28.75% | 0.67% | 9.18% | 13.94% |
| Cigna | 1.83% | 45.63% | 25.57% | 2.14% | 0.08% | 168.67% | 63.91% |
| CVS Health | 4.05% | 73.10% | 17.94% | 1.10% | 0.06% | 5.87% | 9.23% |
| Gilead Sciences | 2.72% | 1020.21% | 294.71% | 7.32% | 0.03% | 4.10% | 0.00% |
| Humana | 1.41% | 35.71% | 25.11% | 1.85% | 0.07% | 9.98% | 12.30% |
| McKesson | 0.43% | 11.89% | 28.70% | 14.70% | -9.21% | 10.70% | 10.73% |
| Stryker | 0.89% | 40.73% | 46.29% | 6.71% | 0.15% | 8.70% | 9.90% |
| Zimmer Biomet | 0.89% | 21.68% | 24.08% | 1.51% | 0.07% | 0.00% | 0.87% |
| Becton Dickinson | 1.28% | 65.26% | 38.48% | 2.64% | 0.07% | 4.64% | 5.70% |
| Thermo Fisher Scientific | 0.31% | 9.20% | 30.75% | 3.93% | 0.13% | 15.47% | 10.03% |
| ResMed | 0.94% | 23.76% | 25.84% | 6.14% | 0.25% | 5.85% | 6.66% |
| Danaher | 0.53% | 19.70% | 37.83% | 2.98% | 0.08% | 9.69% | 10.44% |
| HCA Healthcare | 0.86% | 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 Technologies | 0.75% | 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 America | 1.15% | 32.59% | 28.13% | 2.61% | 0.09% | 0.00% | 0.00% |
| Perrigo | 4.17% | -91.26% | -22.10% | 0.86% | -0.04% | 6.13% | 10.15% |
| Fresenius Medical Care | 2.74% | 64.91% | 23.28% | 0.86% | 0.04% | -0.64% | 1.75% |
| Baxter International | 2.66% | -90.91% | -27.15% | 2.53% | -0.08% | 4.12% | -6.56% |
| Koninklijke Philips | 3.51% | 0.00% | -31.79% | 1.86% | -0.06% | -1.59% | -0.63% |
| Zoetis | 1.12% | 31.62% | 29.24% | 15.24% | 0.50% | 21.37% | 19.62% |
| West Pharmaceutical Services | 0.35% | 12.00% | 34.42% | 6.32% | 0.18% | 5.84% | 7.05% |