Two prominent healthcare-related companies, Medtronic and Alexandria Real Estate Equities, are drawing attention from income-focused investors due to their above-average dividend yields. Medtronic, a global leader in medical technology, currently offers a dividend yield of 3.3%, while Alexandria Real Estate Equities, a real estate investment trust (REIT) specializing in life sciences properties, provides an impressive 7.4% yield.
These figures stand out in a sector not typically known for high dividend payouts. For comparison, the Health Care Select Sector SPDR Fund (NYSEMKT: XLV), an ETF that tracks major healthcare stocks, yields just 1.7%. This disparity underscores the appeal of these two companies for investors seeking steady income.
Medtronic’s consistent dividend growth and solid financial footing position it as a reliable pick for long-term investors. Alexandria Real Estate benefits from strong demand for biotech and pharmaceutical research facilities, further supported by long-term leases and high occupancy rates.
While high yields often come with increased risk, both Medtronic and Alexandria Real Estate maintain strong market positions and business fundamentals. Their performance suggests they could be attractive not only for income but also for potential capital appreciation in a diversified portfolio.
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