Coronavirus Chaos Makes These 2 Healthcare Dividend Aristocrats Look Good
All eyes are on the healthcare sector as the companies within it continue fighting to end the COVID-19 pandemic. Given the havoc the coronavirus is wreaking on the global economy, the healthcare sector is comparatively safe; in April, the healthcare industry as tracked by the Health Care Select Sector SPDR ETF (NYSEMKT: XLV) gained 12.5%, while the S&P 500 was up nearly 18%.
Healthcare is one of the few sectors seeing high demand right now, with companies working to develop COVID-19 vaccines, treatments, and diagnostic tests. The sector also offers its fair share of volatility, however. So for investors seeking stability and income during the pandemic, these two healthcare Dividend Aristocrats should be a good choice in the chaos.
During times of market volatility, many investors seek stocks capable of paying dividends consistently -- for example, Dividend Aristocrats, companies that have consistently paid and increased their dividends for more than 25 years. A reliable source of income is welcome during uncertain times, and Dividend Aristocrats offer strong balance sheets and a focus on growing their profitability. These two healthcare giants fit the bill -- and look like good buys right now.
Source Fool.com
