CVS - 3 Reasons to Buy CVS Health Now and Hold It for Decades
2024-03-12 06:14:00 ET
If you're looking for reliable stocks, it's hard to go wrong with the healthcare sector. People can avoid paying for travel and luxury goods when the economy is in a slump. Overall healthcare spending, though, keeps on rising along with the size of the population.
At recent prices, shares of healthcare conglomerate CVS Health (NYSE: CVS) offer a 3.5% dividend yield . Here are three reasons to add it to a portfolio now and hold it for the long run.
You're more than likely familiar with CVS Health's chain of over 9,000 retail pharmacies. What you probably don't realize is that pharmacies are a relatively small part of the company's overall business.
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3 Reasons to Buy CVS Health Now and Hold It for Decades