Top Healthcare Stocks Growing Dividends Over 10% Annually

Wall St. Watchdog reveals companies in the Healthcare sector that have grown their dividends by more than 10% year-over-year.

  • Patterson Companies, Inc. (NASDAQ:PDCO): This company has grown its dividend by 320.00% year-over-year and its current year dividend per share estimate is $0.37. The shares recently traded at $29.30 and its market capitalization is $3,514,297,000. About the company: Patterson Companies Inc. distributes dental products, veterinary supplies for companion pets, and rehabilitation supplies. The Company sells and markets to dental clinics and laboratories, veterinarians, and to the physical and occupational therapy markets.
  • Stryker Corporation (NYSE:SYK): This company has grown its dividend by 152.00% year-over-year and its current year dividend per share estimate is $0.67. The shares recently traded at $52.07 and its market capitalization is $20,220,250,000. About the company: Stryker Corporation develops, manufactures, and markets specialty surgical and medical products. The Company’s products include implants, biologics; surgical, neurologic, ear, nose & throat and interventional pain equipment; endoscopic, surgical navigation, communications and digital imaging systems; as well as patient handling and emergency medical equipment.
  • Dr. Reddy-s Laboratories Limited (ADR) (NYSE:RDY): This company has grown its dividend by 80.00% year-over-year and its current year dividend per share estimate is $0.35. The shares recently traded at $35.19 and its market capitalization is $6,034,541,153. About the company: Dr. Reddy’s Laboratories Limited provides a complete range of pharmaceutical services. The Company manufactures bulk drugs and formulations including verapamil and cephalexin. The Company also manufactures and exports molecules such as norfloxacin, ciprofloxacin, and varieties of semi-synthetic penicillin. The Company markets its products in India and around the world.
  • Luxottica Group SpA (ADR) (NYSE:LUX): This company has grown its dividend by 59.09% year-over-year and its current year dividend per share estimate is $0.72. The shares recently traded at $29.92 and its market capitalization is $13,772,910,701. About the company: Luxottica Group S.p.A. and its subsidiaries design, manufacture, distribute, and market traditional and designer eyeglass frames and sunglasses. The Company’s LensCrafter retail chain of optical stores operates in North America. Luxottica distributes its products around the world. The Company also sells sunglasses through its Sunglass Hut retail chain.
  • McKesson Corporation (NYSE:MCK): This company has grown its dividend by 50.00% year-over-year and its current year dividend per share estimate is $0.76. The shares recently traded at $78.16 and its market capitalization is $19,251,140,000. About the company: McKesson Corporation distributes pharmaceuticals, medical-surgical supplies, and and health and beauty care products throughout North America. The Company also develops, implements, and supports software that facilitates the integration of data throughout the health enterprise. In addition, McKesson offers analytic, care management, and patient solutions for payers.
  • Medicis Pharmaceutical Corporation (NYSE:MRX): This company has grown its dividend by 50.00% year-over-year and its current year dividend per share estimate is $0.22. The shares recently traded at $35.52 and its market capitalization is $2,192,898,000. About the company: Medicis Pharmaceutical Corporation provides pharmaceuticals focusing on the treatment of dermatological, pediatric, and podiatric conditions, as well as aesthetics medicine. The Company has branded prescription products in therapeutic categories such as acne, asthma, eczema, fungal infections, hyperpigmentation, photoaging, psoriasis, and rosacea.
  • Chemed Corporation (NYSE:CHE): This company has grown its dividend by 44.44% year-over-year and its current year dividend per share estimate is $0.56. The shares recently traded at $57.51 and its market capitalization is $1,223,314,000. About the company: Chemed Corporation operates in the healthcare field through its subsidiary Vitas Healthcare Corporation. The Company also maintains a presence in the residential and commercial repair-and-maintenance-service industry under the names Roto-Rooter and Service America Network Inc.
  • Techne Corporation (NASDAQ:TECH): This company has grown its dividend by 37.33% year-over-year and its current year dividend per share estimate is $1.12. The shares recently traded at $75.84 and its market capitalization is $2,815,704,000. About the company: Techne Corporation, through Research and Diagnostic Systems, Inc., manufactures biological products. The Company also, through R&D Systems Europe, Ltd., distributes biotechnology products.
  • Novo Nordisk A/S (ADR) (NYSE:NVO): This company has grown its dividend by 33.33% year-over-year and its current year dividend per share estimate is $2.23. The shares recently traded at $118.65 and its market capitalization is $54,625,862,668. About the company: Novo Nordisk A/S develops, produces, and markets pharmaceutical products. The Company focuses on diabetes care and offers insulin delivery systems and other diabetes products. Novo Nordisk also works in areas such as haemostatis management, growth disorders, and hormone replacement therapy. The Company offers educational and training materials. Novo Nordisk markets worldwide.
  • Cardinal Health, Inc. (NYSE:CAH): This company has grown its dividend by 25.00% year-over-year and its current year dividend per share estimate is $0.78. The shares recently traded at $42.19 and its market capitalization is $14,791,240,000. About the company: Cardinal Health, Inc. provides complementary products and services to healthcare providers and manufacturers. The Company’s services include pharmaceutical distribution, health-care product manufacturing, distribution and consulting services, drug delivery systems development, pharmaceutical packaging, automated dispensing systems manufacturing, and retail pharmacy franchising.
  • Omnicare, Inc. (NYSE:OCR): This company has grown its dividend by 22.22% year-over-year and its current year dividend per share estimate is $0.10. The shares recently traded at $27.83 and its market capitalization is $3,222,950,000. About the company: Omnicare, Inc. provides geriatric pharmaceutical services. The Company distributes pharmaceuticals, and provides related pharmacy consulting and other ancillary services, data management services and medical supplies to skilled nursing facilities, assisted living facilities, retirement centers, independent living communities, hospitals, hospice, and other healthcare providers.
  • Teva Pharmaceutical Industries Ltd (ADR) (NASDAQ:TEVA): This company has grown its dividend by 21.50% year-over-year and its current year dividend per share estimate is $0.82. The shares recently traded at $42.37 and its market capitalization is $39,847,770,000. About the company: Teva Pharmaceutical Industries Ltd. develops, manufactures and markets generic and branded human pharmaceuticals and active pharmaceutical ingredients. The Company produces antibiotics, oncological products, Alpha D3 for treatment of post-menopausal bone loss in women and Copaxone for treatment of multiple sclerosis. Teva develops novel drugs for diseases of the central nervous system.
  • Universal Health Services, Inc. (NYSE:UHS): This company has grown its dividend by 17.65% year-over-year and its current year dividend per share estimate is $0.17. The shares recently traded at $45.58 and its market capitalization is $4,453,690,000. About the company: Universal Health Services, Inc. is a healthcare management company. The Company operates acute care hospitals, behavioral health centers, and surgery centers. Universal provides services such as general surgery, internal medicine, radiology, and pediatric services throughout the United States and Puerto Rico.
  • Owens + Minor, Inc. (NYSE:OMI): This company has grown its dividend by 15.50% year-over-year and its current year dividend per share estimate is $0.80. The shares recently traded at $29.98 and its market capitalization is $1,911,546,000. About the company: Owens & Minor, Inc. distributes medical/surgical supplies throughout the United States. The Company’s customers include hospitals, integrated healthcare systems, and group purchasing organizations. Owens & Minor also provides services in supply chain management, logistics, and technology.
  • Perrigo Company (NASDAQ:PRGO): This company has grown its dividend by 12.79% year-over-year and its current year dividend per share estimate is $0.28. The shares recently traded at $87.98 and its market capitalization is $8,158,043,000. About the company: Perrigo Company manufactures store brand over-the-counter pharmaceutical products and also manufactures store brand nutritional products. The Company’s customers include major national and regional retail drug, supermarket, and mass merchandise chains such as Albertson’s, CVS, and Target, and major wholesalers such as Super Valu and McKesson.

(Note: Selected financial data are sourced from screener.co.  All data are assumed to be accurate.)

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