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May Healthcare Dividend Stocks To Look Out For

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The healthcare sector has a higher prevalence of companies with sustainable competitive advantages compared to other sectors which implies it may continue generating robust excess returns. When the economy is struggling and cyclical companies begin showing signs of weakness, investors often try to put their money into defensive companies in an effort to protect their portfolio during a downturn. I’ve identify the following healthcare stocks paying high income, which may increase the value of your portfolio.

Kewaunee Scientific Corporation (NASDAQ:KEQU)

KEQU has a sizeable dividend yield of 2.01% and pays 33.79% of it’s earnings as dividends . KEQU’s last dividend payment was US$0.68, up from it’s payment 10 years ago of US$0.28. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. Kewaunee Scientific’s performance over the last 12 months beat the us medical equipment industry, with the company reporting 15.21% EPS growth compared to its industry’s figure of 7.94%. More detail on Kewaunee Scientific here.

NasdaqGM:KEQU Historical Dividend Yield May 11th 18
NasdaqGM:KEQU Historical Dividend Yield May 11th 18

Owens & Minor, Inc. (NYSE:OMI)

OMI has a substantial dividend yield of 6.65% and is paying out 86.15% of profits as dividends . OMI’s DPS have risen to US$1.04 from US$0.53 over a 10 year period. It should comfort existing and potential future shareholders to know that OMI hasn’t missed a payment during this time. Owens & Minor is a strong prospect for its future growth, with analysts expecting the company’s earnings to increase by 53.00% over the next three years. Interested in Owens & Minor? Find out more here.

NYSE:OMI Historical Dividend Yield May 11th 18
NYSE:OMI Historical Dividend Yield May 11th 18

Patterson Companies, Inc. (NASDAQ:PDCO)

PDCO has a great dividend yield of 4.58% and their payout ratio stands at 40.05% , and analysts are expecting the payout ratio in three years to hit 53.37%. The company’s yield puts it among good company – the top 25% of the market. The company recorded earnings growth of 35.34% in the past year, comparing favorably with the us healthcare industry average of 8.54%. More detail on Patterson Companies here.

NasdaqGS:PDCO Historical Dividend Yield May 11th 18
NasdaqGS:PDCO Historical Dividend Yield May 11th 18

For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.


To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned.