Looking for ways to fatten your wallet while staying ahead of the healthcare curve? Look no further than Large Cap Health Technology Dividend Stocks! These robust companies blend cutting-edge innovation with generous payouts, offering the perfect recipe for long-term wealth building. Buckle up, because we’re diving into the top 10 contenders to supercharge your 2024 portfolio!
Key Takeaways
- Health Tech is Booming: Healthcare technology is expected to be a $1.1 trillion industry by 2025, making it a fertile ground for dividend-paying powerhouses.
- Double Dip Delight: Enjoy both stock price appreciation and steady dividend income, creating a diversified and resilient portfolio.
- Passive Powerhouse Potential: Let your money work for you with reliable dividend payouts, providing a financial safety net and potential for reinvestment.
- The top 10 large cap health technology dividend stocks that we will discuss in this article are Walgreens Boots Alliance Inc., Pfizer Inc., Bristol-Myers Squibb Co., Viatris Inc., Gilead Sciences Inc., Medtronic plc, Baxter International Inc., Amgen Inc., Royalty Pharma plc, and Abbott Laboratories.
- Remember to do your own research before investing in any stock.
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Top 10 Large Cap Health Technology Dividend Stocks
1. Walgreens Boots Alliance Inc. (WBA)
Walgreens Boots Alliance Inc(NYSE:WBA). is an American holding company that owns Walgreens, Boots, and other pharmaceutical manufacturing and distributing companies. The company has a market capitalization of $22.4 billion and a dividend yield of 7.22%.
If you invest $1000 in Walgreens Boots Alliance Inc., you would receive an annual payout of $72.20.
2. Pfizer Inc. (PFE)
Pfizer Inc(NYSE:PFE). is an American multinational pharmaceutical corporation that develops and produces medicines and vaccines for a wide range of medical conditions. The company has a market capitalization of $161.5 billion and a dividend yield of 5.70%.
If you invest $1000 in Pfizer Inc., you would receive an annual payout of $57.00.
3. Bristol-Myers Squibb Co. (BMY)
Bristol-Myers Squibb Co(NYSE:BMY). is an American pharmaceutical company that develops and produces medicines for cancer, cardiovascular diseases, and other medical conditions. The company has a market capitalization of $104.3 billion and a dividend yield of 4.45%.
If you invest $1000 in Bristol-Myers Squibb Co., you would receive an annual payout of $44.50.
4. Viatris Inc. (VTRS)
Viatris Inc(NYSE:VTRS). is an American pharmaceutical company that develops and produces generic medicines and biosimilars. The company has a market capitalization of $14.1 billion and a dividend yield of 4.42%.
If you invest $1000 in Viatris Inc., you would receive an annual payout of $44.20.
5. Gilead Sciences Inc. (GILD)
Gilead Sciences Inc(NYSE:GILD). is an American biopharmaceutical company that develops and produces medicines for HIV/AIDS, liver diseases, and other medical conditions. The company has a market capitalization of $85.5 billion and a dividend yield of 3.67%.
If you invest $1000 in Gilead Sciences Inc., you would receive an annual payout of $36.70.
6. Medtronic plc (MDT)
Medtronic plc(NYSE:MDT) is an Irish medical device company that develops and produces medical devices and supplies for a wide range of medical conditions. The company has a market capitalization of $178.8 billion and a dividend yield of 3.31%.
If you invest $1000 in Medtronic plc, you would receive an annual payout of $33.10.
7. Baxter International Inc. (BAX)
Baxter International Inc(NYSE:BAX). is an American healthcare company that develops and produces medical devices, pharmaceuticals, and biotechnology products. The company has a market capitalization of $43.9 billion and a dividend yield of 2.99%.
If you invest $1000 in Baxter International Inc., you would receive an annual payout of $29.90.
8. Amgen Inc. (AMGN)
Amgen Inc(NYSE:AMGN). is an American multinational biopharmaceutical company that develops and produces medicines for a wide range of medical conditions. The company has a market capitalization of $139.7 billion and a dividend yield of 2.95%.
If you invest $1000 in Amgen Inc., you would receive an annual payout of $29.50.
9. Royalty Pharma plc (RPRX)
Royalty Pharma plc(NYSE:RPRX) is an American pharmaceutical company that specializes in buying and managing royalty interests in pharmaceutical and biotechnology products. The company has a market capitalization of $18.1 billion and a dividend yield of 2.86%.
If you invest $1000 in Royalty Pharma plc, you would receive an annual payout of $28.60.
10. Abbott Laboratories (ABT)
Abbott Laboratories(NYSE:ABT) is an American multinational medical devices and healthcare company that develops and produces medical devices, diagnostics, and nutrition products. The company has a market capitalization of $236.2 billion and a dividend yield of 1.85%.
If you invest $1000 in Abbott Laboratories, you would receive an annual payout of $18.50.
Conclusion
Remember, diversification is key! While these are all strong contenders, don’t put all your eggs in one basket. Research, consult with a financial advisor, and build a portfolio that aligns with your risk tolerance and financial goals.
With these Large Cap Health Tech Dividend Stocks in your arsenal, you’re well on your way to a healthier, wealthier 2024! So grab your metaphorical lab coat, strap in for the ride, and let’s watch your portfolio blossom!