We may have emerged from a bear market already but it would be pretty irresponsible of us not to prepare for more rough weather ahead. These two giants of the healthcare sector are about as reliable as businesses get. Here's why you can count on steadily growing dividend payments from these two healthcare stocks.
You've more than likely seen some of Abbott Laboratories' (NYSE: ABT) COVID-19 diagnostic products. If you've been having a hard time finding baby formula you're also aware of this company's nutrition business. What you probably don't know is that Abbott Laboratories recently paid its 394th consecutive quarterly dividend. The company's also raised the payout for 50 consecutive years. If you're willing to trade slower growth in the future for a higher yield in the present, consider Johnson & Johnson (NYSE: JNJ). With a AAA credit rating and a 60-year record of consecutive dividend raises, this healthcare conglomerate is a dividend investor's dream come true.
Source: NASDAQ
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