3 Healthcare Stocks With a Solid Bottom Line -- and a Dividend
It's scary out there right now for investors, with wild market swings and a lot of negative news coming out of quarterly reports. There is one sector, however, that will survive and likely thrive despite the coronavirus pandemic shutdown -- healthcare. That said, investors shouldn't head for just any healthcare stock; some have been hit harder than others by the shutdown. Look for big, consistent healthcare companies with long-term growth and solid dividends. Here are three that I like.
McKesson Corp. (NYSE: MCK), a healthcare services company headquartered in Irving, Texas, with more than 80,000 employees, was founded in 1833. The company actually thrived during the Great Depression, so a little pandemic looks like no big deal.
The company's third-quarter revenue was $59.2 billion, up 5% from a year ago; yearly revenue totaled $214.3 billion, an increase of 2.9%. McKesson has been the prime pharmaceutical vendor for the U.S. Department of Veteran Affairs for 15 years, and it's sitting on $2.1 billion in cash, so it is protected against any short-term market headwinds. The stock is trading well below its 52-week high of $172.18, set on Feb. 21, so it's still a good time to buy.
Source Fool.com
