3 Medical Dividend Stocks That Hit the Sweet Spot
Healthcare stocks with dividends can be a good place to park funds during inflationary periods. That's especially true if those dividends have yields that are high enough, say above 2.5% at the minimum, and are well covered by companies with a tradition of dividend increases and revenue growth.
Medical Properties Trust (NYSE: MPW), Sanofi (NASDAQ: SNY), and Medtronic (NYSE: MDT) all have dividends yielding 2.5% or more with a history of consistent increases to reward long-term investors.
Medical Properties Trust is one of the world's largest owners of hospitals with 434 in total that it leases across 30 states and 10 countries. The real estate investment trust (REIT) has raised its quarterly dividend for 10 consecutive years, including a 3.5% boost this year to $0.29 per share. At its current price, the yield is around 10.5% and its adjusted funds from operations (AFFO) payout ratio is 80.5%, well within the safety range for a REIT.
Source Fool.com
