3 Healthcare Stocks to Help Investors Sleep Better at Night

When stock markets are soaring, investors often overlook essential steps to protect their portfolios from potential downturns. In this context, focusing on dividend growth stocks can be a wise decision.

Johnson & Johnson (NYSE: JNJ) is one such company that boasts an impressive track record of paying consistent dividends, with 64 consecutive years of increases and a payout growth of 67% over the last decade.

The healthcare giant's diversified product line, including pharmaceuticals and medical devices, contributes to its stable revenue growth. In the last quarter, sales rose by 6.6% year-over-year to $25 billion, allowing J&J to maintain its dividend payments.

Another standout in the sector is UnitedHealth Group (NYSE: UNH), a health insurance giant that has seen significant price fluctuations but ultimately experienced steady growth and increased dividend payments. Its current yield stands at 2.26%, making it an attractive option for investors seeking long-term stability.

Mckesson (NYSE: MCK) rounds out the trio, serving as the largest pharmaceutical distributor in the U.S. Despite a brief drawdown from 2015 to 2018, its dividend payments have steadily increased by 193% over the last decade.