Dividends4Life: Biggest Biotech Dividend Stocks

Biggest Biotech Dividend Stocks

Posted by D4L | Thursday, October 24, 2013 | | 0 comments »

Biotechs and dividends go together like cowboys and surfboards. You just don't see them together very often. Many biotech companies don't generate enough earnings to pay out dividends. Of those with sufficient net income, most plow their money back into the development of new drugs or commercialization of existing products. However, a handful of biotech stocks do pay dividends.

Here are the three with the biggest yields: PDL BioPharma (NASDAQ: PDLI), the biggest biotech yield of all, PDL BioPharma's 7.7% forward yield stands in a league of its own. Questcor Pharmaceuticals (NASDAQ: QCOR) just announced a 20% increase in dividend payouts, bringing its yield up to 2%. Amgen (NASDAQ: AMGN) is one of the biggest biotechs of all is also one of the few that pay a dividend. Amgen's 1.7% dividend yield isn't bad -- and looks even better considering that the company only uses 28% of earnings to cover the payout.

Source: Motley Fool

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