Healthcare Stocks That Have Raised Dividends for Over 30 Years

Whether you like the new health care plan or hate the new health care plan, most people would agree that health will be a growing business during the next twenty years, with the baby boomers moving to an age where medical care and medicine becomes ubiquitous. Income investors who are looking for stocks to own for the long term should consider stocks relating to health and medicine in some way.Surprisingly, there are five health care related stocks that have increased their dividends more than 32 years in a row, according to the Dividend Increasing Stocks list at WallStreetNewsNetwork.com. For example, the large pharmaceutical giant Abbott Laboratories (ABT) has boosted its dividend every year for 38 years and currently sports a yield of 3.7%. The company, which has been around since 1888, has four divisions: pharmaceutical products, diagnostic products, nutritional products, and vascular products. The stock trades at ten times forward earnings.... Read more