not vested
Healthcare Stocks For Retirement: McKesson Corporation (MCK)
When it comes to healthcare stocks and retirement, boring is often better. Despite the return potential, you can’t afford to lose a ton on biotech start-ups at this point.
However, boring doesn’t mean “no growth” or no potential.
Case in point: McKesson Corporation (MCK).
MCK operates in the boring area of drug and supply distribution. It doesn’t create the drug or sell it, but merely bundles it together with other supplies a hospital, pharmacy and doctor’s offices may need and sends it out. It’s as boring as they come.
But when you are the LARGEST distributor of medical goods, boring is crazily profitable. For its latest fiscal year, MCK saw a 9% jump in its profits.
And it’s crazy good for your investors, too. It has grown its dividend 366% over the last ten years.
In fact, the profits are so good, that McKesson is planning out spinning out its healthcare IT division to focus on growing its distribution arm. This should help keep this boring stock churning out big-time dividend payments to retired investors.
When it comes down to it, MCK stock could be one of the best picks in healthcare — for those in retirement or not.
Source: Investor Place