Doctors, nurses, and other support staff are increasingly relying on digital assistants and apps to perform administrative tasks. According to McKinsey & Co. analysts, automation of healthcare services peaked when doctors were overburdened with patients in ERs and coronavirus wards. After the technology and financial sectors, the healthcare industry has the third-largest market capitalization in the United States. The healthcare sector has the lowest forward yield of 0.55 percent. In the healthcare sector, drug delivery companies and drug manufacturers are the most important dividend players.
Insider Monkey highlights the list of 10 healthcare dividend stocks with over 3% yield. One of the most popular healthcare dividend stocks is Bristol-Myers Squibb Company. Viatris Inc. is a healthcare company based in Pennsylvania that operates in the United States, Europe, and Asia. In comparison to the previous year, revenue jumped 52.64 percent to $4.54 billion. Biocon Biologics and Viatris Biosimilars are rumored to be merging their businesses. This healthcare dividend stock, Amgen Inc., has a 3.67 percent expected forward yield. On December 3, the company announced a quarterly dividend of $1.94 per share, an increase of 10.2% from the previous quarter. Revenue was $833.53 million higher than forecast in the third quarter, while earnings were $0.20 higher. One of Gilead Sciences’ primary goals is to develop antiviral drugs that can treat HIV, hepatitis B, hepatitis C, and influenza. In the first three months of the year, the company’s revenue grew by 12.83 percent, outpacing forecasts by $1.09 billion. For more details, click 10 Healthcare dividend Stocks with Over 3% Yield.