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Tuesday, August 17, 2021

7 Best Health Care Sector Dividend Stocks

One way to diversify your portfolio is to invest in different sectors. Some sectors perform better than others in different economic conditions, and sector diversification helps to mitigate portfolio risk. 

In this article series, I present the top-ranked dividend growth stocks in each GICS sector. To rank stocks, I sort them in descending order by quality scores, as determined by DVK Quality Snapshots. When two stocks have the same quality score, I use tie-breaking metrics to rank one stock higher than the other. 

My watch list for candidates is Dividend Radar, a list of stocks trading on U.S. Exchanges with at least five consecutive years of higher dividend payouts. The list is updated and published every Friday and is available for download here. The latest edition (dated August 6, 2021) contains 759 stocks, 37 of which are in the Health Care sector. 

This article presents the seven top-ranked dividend growth stocks in the Health Care sector.

The Health Care sector incorporates two industry groups, Health Care Equipment & Services, and Pharmaceuticals, Biotechnology, & Life Sciences. The first contains businesses that manufacture health care equipment and supplies or provide various health care services, including distributors of health care products, providers of essential health care services, and owners and operators of health care facilities and organizations. The second contains businesses involved in the research, development, manufacturing, and marketing of pharmaceuticals and biotechnology products. 

To see the seven top-ranked dividend growth stocks in the Health Care sector, read this article at TheStreet.com. Three stocks are discounted and two more trade at small premiums to my fair value estimates!

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