Companies that pay large dividends don't usually have high growth. Using a large portion of free cash flow to issue payouts to shareholders can leave management with not much left over for innovation and investment in the business.
Interest rates and bond yields are currently low and likely to stay that way for awhile. That leaves limited options for income investors who are also seeking growth. That said, AbbVie (NYSE: ABBV), Cardinal Health (NYSE: CAH), and Walgreens Boots Alliance (NASDAQ: WBA) are three healthcare stocks with secure dividends that soundly beat the S&P 500's average of 2% -- and have increased their revenue by more than 25% over the past five years.
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