Got $1,000? Buy These 3 Medical Distributor Stocks
Major medical distributors are up for the year, on average easily surpassing the S&P 500. The industry's big three -- McKesson (NYSE: MCK), AmerisourceBergen (NYSE: ABC), and Cardinal Health (NYSE: CAH) -- have an advantage of scale that make them great long-term ideas for anyone looking for a solid investment. Here's why.
All three have solid dividends. McKesson has raised its quarterly dividend for seven consecutive years, bumping its quarterly payout 5% this year to reach $0.41 per share. It has a 1% yield -- less than the S&P average of about 2%, but still solid -- and a conservative 11% payout ratio over the trailing 12 months (TTM).
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Source Fool.com
