Looking for income from the pharmaceutical industry? Start with these three companies.
Income investors have favored the pharmaceutical sector for
decades. That makes sense since drugs tend to enjoy high margins and are needed
in good times and bad. These factors allow pharma companies to crank out
predictable amounts of cash flow that can be used to line their shareholders'
pockets.
However, not all pharmaceutical companies are created equal.
That's why investors need to be choosy about which stocks they buy. Thankfully,
there are plenty of income-producing pharma stocks to choose from.
Here's a list of the 10 largest pharmaceutical companies
that currently pay out a dividend:
Company
|
Market Cap
|
Dividend Yield
|
|||
Johnson & Johnson
|
$381 billion
|
2.4%
|
|||
Novartis
|
$199 billion
|
3.2%
|
|||
Pfizer
|
$221 billion
|
3.5%
|
|||
AbbVie
|
$157 billion
|
2.6%
|
|||
Merck
|
$153 billion
|
3.4%
|
|||
Sanofi
|
$109 billion
|
3.8%
|
|||
Novo Nordisk
|
$129 billion
|
2.2%
|
|||
Bristol-Myers Squibb
|
$101 billion
|
2.5%
|
|||
Gilead Sciences
|
$97 billion
|
2.8%
|
|||
Eli Lilly
|
$95 billion
|
2.4%
|
Which of these stocks are worthy of a closer look? Here a
look at my three favorites.
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