8 Major Healthcare Stocks Yielding At Least 3.9% With P/E Ratios Under 18
By Matt Schilling:On Monday, Citigroup (C) upgraded four well-known names in the healthcare sector. That said, I take the opportunity to take a closer look at eight companies that yield at least 3.9%. The eight stocks on my list could indeed enhance any portfolio geared at investing for income or dividend reinvestment.Johnson & Johnson (JNJ): JNJ currently trades at a P/E ratio of 17.03 and yields 3.9% ($2.44), making the stock very inexpensive by most standards. The company trades in a 52-week range of $25.69/share (52-week low) and $68.05/share (52-week high).For investors looking to establish a position in JNJ, the stock is very attractive at these levels and a medium to large position should be initiated. The company is currently trading in the middle of its 52-week range and recently received FTC approval to acquire Synthes. JNJ continues to be a solid component of the Dow 30 and has surpassedComplete Story »
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