I’ve listed 7 US healthcare blue chip stocks consistently increasing dividends for at least 20 years in row.
Health care sector is one of the booming sectors because of aging population and new government health care policies. Thus, invest in health sector is a key to get good return for long run specially in dividend growth blue chip stocks.
A long history of dividend growth mean that future dividend growth is likely and the management team has strong a confident in their companies for long-term profitability. Also, the strong dividend growth means strong capital gain for long-term and these types of stocks are generally seen as less volatile because their income component can act as a cushion during tough times.
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7 US healthcare blue chip stocks consistently increasing dividends for at least 20 years
Abbott Laboratories (NYSE:ABT)
It has increased the dividend payout for 42 consecutive years.
It is engaged in the discovery, development, manufacture, and sale of a portfolio of science-based health care products.
Becton Dickinson and Company (NYSE:BDX)
It has increased the dividend payout for 42 consecutive years.
It is a global medical technology company engaged in the development, manufacture and sale of medical devices, instrument systems and reagents used by healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry and the general public.
C.R. Bard, Inc. (NYSE:BCR)
It has increased the dividend payout for 40 consecutive years.
It is engaged in the design, manufacture, packaging, distribution and sale of medical, surgical, diagnostic and patient care devices.
Cardinal Health Inc. (NYSE:CAH)
It has increased the dividend payout for 24 consecutive years.
It is a healthcare services company providing pharmaceutical and medical products and services to pharmacies, hospitals, ambulatory surgery centers, clinical laboratories, physician offices and other healthcare providers.
Johnson & Johnson (NYSE:JNJ)
It has increased the dividend payout for 51 consecutive years.
It is a holding company, and engaged in the research and development, manufacture and sale of a broad range of products in the health care field.
Medtronic Inc. (NYSE:MDT)
It has increased the dividend payout for 27 consecutive years.
It is engaged in medical technology – alleviating pain, restoring health, and extending life for millions of people worldwide.
West Pharmaceutical Services Inc. (NYSE:WST)
It has increased the dividend payout for 21 consecutive years.
It is a manufacturer of components and systems for the packaging and delivery of injectable drugs, as well as delivery system components for the pharmaceutical, healthcare and consumer products industries.