NVS - 2 High-Yield Dividend Stocks to Buy and Hold for 10 Years
2024-04-17 09:30:00 ET
Great dividend stocks don't always have particularly high yields. Still, it's nice to see a solid income stock that boasts one that's higher than average. And if this company can reward its shareholders by constantly raising its payouts -- and if it can do so for long periods -- that's even better. A number of dividend stocks on the market fit this description.
Let's consider two in the healthcare sector: Bristol Myers Squibb (NYSE: BMY) and Novartis (NYSE: NVS) . These drugmakers have plenty to offer to long-term, income-seeking investors.
Bristol Myers looks like a great pick for income seekers looking for reasonably valued stocks. The drugmaker has lagged the market over the past year due to slow top-line growth following important patent cliffs. As a result, Bristol Myers' forward price-to-earnings (P/E) ratio currently sits at 14.3 -- the average for the pharmaceutical industry is 17.4.
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2 High-Yield Dividend Stocks to Buy and Hold for 10 Years