Health care companies often prove to be recession resilient, as their medicines and medical devices usually remain in high demand even if the economic environment weakens. Consumers need these products to maintain or improve their quality of life, regardless of state of the economy. At the same time, the world’s population continues to age, which should provide an opportunity for growth and solid dividends among the different types of companies within the health care sector.
The health care sector is usually one of the more recession resistant sectors of the economy as consumers will seek out medical care even in adverse economic conditions. All three stocks have built up long histories of dividend increases and should be able to continue increasing their dividends each year: Becton, Dickinson & Co. (NYSE:BDX), Bristol-Myers Squibb (NYSE:BMY) and Medtronic PLC (NYSE:MDT).
Source: InvestorPlace
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