Healthcare Business

Top Strategist Says Health Care Could Rule in 2022: 5 Dividend Winners

Bristol-Myers Squibb

This top company remains a solid pharmaceutical stock to own long-term and the stock is offering an outstanding entry point after a tumble. Bristol Myers Squibb Co. (NYSE: BMY) discovers, develops, licenses, manufactures and markets pharmaceutical products worldwide in the hematology, oncology, cardiovascular and immunology therapeutic classes.

Its products include the following:

  • Revlimid, an oral immunomodulatory drug for the treatment of multiple myeloma
  • Opdivo for anti-cancer indications
  • Eliquis, an oral inhibitor targeted at stroke prevention in adult patients with non-valvular atrial fibrillation, and the prevention and treatment of venous thromboembolic disorders
  • Orencia for adult patients with active RA and prostate-specific antigen, as well as reducing signs and symptoms in pediatric patients with active polyarticular juvenile idiopathic arthritis.
  • Sprycel for the treatment of Philadelphia chromosome-positive chronic myeloid leukemia
  • Yervoy for the treatment of patients with unresectable or metastatic melanoma
  • Abraxane, a protein-bound chemotherapy product
  • Reblozyl for the treatment of anemia in adult patients with beta thalassemia

Shareholders receive a 3.40% dividend. The BofA Securities price target is $78, while the consensus target is $73.12. Bristol-Myers Squibb shares closed on Tuesday at $57.45.

CVS Health

This top stock gapped up in early November but has come back in and offers a much better entry point. CVS Health Corp. (NYSE: CVS) is one of the largest health care companies in the United States, providing retail, mail and specialty pharmacy dispensing services and pharmacy benefits. CVS has become one of the most vertically integrated publicly traded health care companies.

CVS serves employers, insurance companies, unions, government employee groups, health plans, prescription drug plans, Medicaid managed care plans, plans offered on public health insurance and private health insurance exchanges, other sponsors of health benefit plans and individuals. This segment operates retail specialty pharmacy stores and specialty mail order, mail order dispensing, and compounding pharmacies, as well as branches for infusion and enteral nutrition services.

CVS completed a $69 billion purchase of health care provider Aetna in November of 2018 and remains one of the top picks for 2022 and beyond, as CVS has become one of the most vertically integrated publicly traded health care companies, and health care has lagged the S&P 500 significantly this year.

CVS Health stock investors receive a 2.15% dividend. The $112 BofA Securities price target is well above the $103.67 consensus target. The shares closed at $93.64 on Tuesday.

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