HUM - Want Healthy Dividend Growth? Buy This Blue-Chip Stock
As the global population ages and the costs of healthcare continue to rise, the adoption of health insurance is also accelerating across the entire world. This is precisely why market research firm Global Market Insights projects that the global health insurance market will compound at 4.6% annually, reaching $3.9 trillion by 2027.
Health insurer Humana (NYSE: HUM) could be one of the biggest beneficiaries from the encouraging industry outlook. Here's why dividend growth investors would be wise to consider adding the stock to their portfolios.
Since its founding in 1961, the Louisville, Kentucky-based Humana has grown into a $67 billion (by market capitalization ) managed care business. For context, this makes it the fifth-biggest managed care company on the planet.
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Want Healthy Dividend Growth? Buy This Blue-Chip Stock