2 Healthcare Stocks That Are Perfect for Retirement
Whether you're planning for retirement or have already retired, the one thing you'll probably want from your investments is consistency. What 2020 has shown investors is just how volatile the stock market can be; stock prices can rise or fall without warning. That's why it's important to have pillars in your portfolio that you can rely on for some stability and dividend income, especially if you're on a fixed income.
Two healthcare stocks that are ideal in these cases are Becton, Dickinson (NYSE: BDX) and Johnson & Johnson (NYSE: JNJ). They've both been paying and increasing dividends for more than 40 years in a row and can provide you with reliable payouts for the foreseeable future. And their robust businesses can also help generate strong returns for your portfolio. Here's a closer look at both of these companies:
Medical device maker Becton, Dickinson (BD) is a great long-term investment because its products are crucial for the healthcare industry and they serve many different purposes. From diagnostics to surgery to medication delivery, the New Jersey-based company has diverse segments that are not dependent on current economic conditions for demand. As long as hospitals are busy, there's going to be a need for intravenous catheters, syringes, grafts, and the other items BD supplies.
Source Fool.com