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Top 10 Healthcare Stocks For Dividend Growth And Income

Published Mon, 06 Jul 2020 09:01:07 -0400 on Seeking Alpha

Seeking AlphaDividend Quick PicksTop 10 Healthcare Stocks For Dividend Growth And IncomeJul. 6, 2020 9:01 AM ET|| Includes: ABBV, ABC, ABT, AMGN, ANTM, BAX, BDX, BMY, BMYMP, CAH, CVS, DGX, GILD, HUM, JNJ, LLY, MCK, MDT, MRK, PFE, STE, SYK, TMO, UNH, XLV, XRAY, ZTSby: Eric LandisEric Landis Dividend growth investing, long-term horizon, value, growth at reasonable priceDGI For The DIY.cls-1{fill:#024999;}SummaryThe Healthcare sector has been one area of strength in the market during the COVID-19 pandemic.
Not all stocks in the sector are equal, with some being more impacted than others by the effects of the virus.
This article provides information on my twenty-five stock watch list and presents my top ten picks for dividend growth and income.

Healthcare Sector Strength
The COVID-19 pandemic has been with us for several months now, and the profound impact it is having on the stock market and economy is still a fluid situation.
The industrial, utility, financial, and energy sectors remain deep in correction territory, with all four trading at least 10% lower on the year. However, the healthcare sector has held up quite well, with losses of less than one percent, bettered only by the technology, consumer discretionary and communication services sectors.
Data by YCharts
However, not all healthcare stocks have fared equally during the pandemic. Some companies have benefited from actions taken to counter the virus, while others have been negatively impacted by those same measures.
For example, some of the biotech and life sciences companies have done well as they've seen limited impacts from the virus, while companies offering health products and medical devices have suffered.
Data by YCharts
This has been reflected in earnings estimates as well, with the drug companies generally expecting earnings growth in 2020, while many others are expecting a drop in earnings, some substantially so.
Project Background
I'll get to those earnings... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ABBVIE 70.83   26.0 2.72 4.28 6.28
CARDINAL HEALTH 48.48   10.8 4.51 1.92 4.01
PFIZER 37.28   17.0 2.19 1.44 3.85
GILEAD SCIENCES 66.36   14.4 4.61 2.52 3.76
BRISTOL-MYERS SQUIBB 49.61   13.1 3.80 1.64 3.38
CVS CAREMARK 63.90   17.9 3.57 2.00 3.14
AMGEN 194.00   15.4 12.62 5.80 2.95
JOHNSON & JOHNSON 130.43   21.6 6.03 3.80 2.93
MERCK & CO 83.31   23.3 3.57 2.20 2.69
ELI LILLY 111.47   14.0 7.97 2.58 2.32
QUEST DIAGNOSTICS 104.97   19.8 5.31 2.12 2.03
MEDTRONIC 110.38   33.8 3.27 2.16 2.01
AMERISOURCEBERGEN 84.64   18.9 4.47 1.60 1.86
UNITEDHEALTH GROUP 230.10   17.3 13.32 4.32 1.86
ABBOTT LABORATORIES 85.21   52.3 1.63 1.28 1.54
ANTHEM 248.16   16.0 15.50 3.20 1.27
BECTON DICKINSON 262.15   92.0 2.85 3.08 1.18
MCKESSON 146.10   49.0 2.98 1.64 1.15
STERIS 147.94   39.7 3.73 1.48 1.05
BAXTER INTERNATIONAL 87.82   29.6 2.97 0.88 1.02
STRYKER 220.04   23.6 9.34 2.08 0.97
HUMANA 268.38   14.6 18.33 2.20 0.79
DENTSPLY 51.73   110.1 0.47 0.40 0.68
THERMO FISHER SCIENTIFIC 294.97   33.6 8.77 0.76 0.26

ABBVIE - ABBV
ABBVIE - ABBV  


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