Diversified healthcare company Kindred Healthcare (NYSE:KND) instituted a dividend late last year and should now be on the radar of a lot of income investors for the strength of its business outlook. Kindred is trading just under $18 a share with a dividend yield of about 2.7%. While not a particularly rich dividend compared with long-time staples like AT&T (NYSE:T) or Altria (NYSE:MO), KND does offer a reasonable yield, and good opportunities for capital appreciation over time. In particular, the company's broad diversification across the healthcare space make it a more stable opportunity than many other companies.
Kindred operates hospitals, nursing centers, and a rehabilitation company. The company's long-term acute care hospitals account for...
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