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In light of low bond yields and the threat of interest rate risk, investing in dividend companies is attractive because of higher current yields and the opportunity for dividend growth. Income investors searching for growing dividends could benefit by adding healthcare companies to their portfolios.

The following dividend paying stocks were screened for their long-term performance. Each of the following healthcare companies pays a dividend in excess of the 10-year treasury yield and had over a 5% average annual increase in dividend payments over the past 10 years. Thus, each of these dividend stocks pays more than treasuries and has a long-term trend of dividend growth, which is better than the static interest payments on fixed-rate treasuries.

Price multiples, dividend histories, and return of equity histories are provided below:

Abbott Laboratories (ABT) recently traded at $55.43 per share. At this price level, the stock has a 3.5% dividend yield. For 10 out of the past 10 fiscal years, a share of ABT paid a total of $11.95 in dividends.

ABT shareholders have sustained a -1.1% change in share price over the past year. Shares of this large-cap stock trade at a price-to-book ratio of 3.5, a price-to-earnings multiple of 19.0, and a price-to-sales multiple of 2.2 (trailing twelve months). Over the past decade shareholders saw a 22.7% average annual return on equity.

Baxter International Inc. (BAX) recently traded at $51.3 per share. At this price level, the stock has a 2.6% dividend yield. For 10 out of the past 10 fiscal years, a share of BAX paid a total of $7.36 in dividends. Of these dividend payments, a total of $4.46 was paid in the last five years.

BAX shareholders have seen a 4.7% change in share price over the past year. Shares of this large-cap stock trade at a price-to-book ratio of 4.2, a price-to-earnings multiple of 13.7, and a price-to-sales multiple of 2.1 (trailing twelve months). Over the past decade shareholders saw a 24.0% average annual return on equity.

Becton, Dickinson and Company (BDX) recently traded at $74.91 per share. At this price level, the stock has a 2.4% dividend yield. For 10 out of the past 10 fiscal years, a share of BDX paid a total of $9.53 in dividends. Of these dividend payments, a total of $6.56 was paid in the last five years.

BDX shareholders have sustained a 0.0% change in share price over the past year. Shares of this large-cap stock trade at a price-to-book ratio of 3.3, a price-to-earnings multiple of 13.3, and a price-to-sales multiple of 2.0 (trailing twelve months). Over the past decade shareholders saw a 22.0% average annual return on equity.

Cardinal Health, Inc. (CAH) recently traded at $41.25 per share. At this price level, the stock has a 2.1% dividend yield. For 10 out of the past 10 fiscal years, a share of CAH paid a total of $3.72 in dividends. Of these dividend payments, a total of $2.97 was paid in the last five years.

CAH shareholders have seen a 3.1% change in share price over the past year. Shares of this large-cap stock trade at a price-to-book ratio of 2.5, a price-to-earnings multiple of 16.2, and a price-to-sales multiple of 0.1 (trailing twelve months). Over the past decade shareholders saw a 16.2% average annual return on equity.

Johnson & Johnson (JNJ) recently traded at $65.26 per share. At this price level, the stock has a 3.5% dividend yield. For 10 out of the past 10 fiscal years, a share of JNJ paid a total of $13.73 in dividends.

JNJ shareholders have sustained a -0.5% change in share price over the past year. Shares of this large-cap stock trade at a price-to-book ratio of 2.9, a price-to-earnings multiple of 15.9, and a price-to-sales multiple of 2.8 (trailing twelve months). Over the past decade shareholders saw a 27.8% average annual return on equity.

Eli Lilly & Co. (LLY) recently traded at $39.94 per share. At this price level, the stock has a 4.9% dividend yield. For 10 out of the past 10 fiscal years, a share of LLY paid a total of $15.74 in dividends.

LLY shareholders have endured a -3.3% change in share price over the past year. Shares of this large-cap stock trade at a price-to-book ratio of 3.1, a price-to-earnings multiple of 9.6, and a price-to-sales multiple of 1.9 (trailing twelve months). Over the past decade shareholders saw a 25.2% average annual return on equity.

Medtronic, Inc. (MDT) recently traded at $38.65 per share. At this price level, the stock has a 2.5% dividend yield. For 10 out of the past 10 fiscal years, a share of MDT paid a total of $4.91 in dividends. Of these dividend payments, a total of $3.41 was paid in the last five years.

MDT shareholders have seen a 2.2% change in share price over the past year. Shares of this large-cap stock trade at a price-to-book ratio of 2.5, a price-to-earnings multiple of 12.3, and a price-to-sales multiple of 2.5 (trailing twelve months). Over the past decade shareholders savored a 21.4% average annual return on equity.

Mine Safety Appliances Co. (MSA) recently traded at $33.32 per share. At this price level, the stock has a 3.1% dividend yield. For 10 out of the past 10 fiscal years, a share of MSA paid a total of $5.96 in dividends. Of these dividend payments, a total of $4.41 was paid in the last five years.

MSA shareholders have seen a 1.9% change in share price over the past year. Shares of this small-cap stock trade at a price-to-book ratio of 2.6, a price-to-earnings multiple of 19.4, and a price-to-sales multiple of 1.1 (trailing twelve months). Over the past decade shareholders saw a 15.7% average annual return on equity.

Pfizer Inc. (PFE) recently traded at $21.84 per share. At this price level, the stock has a 4.0% dividend yield. For 10 out of the past 10 fiscal years, a share of PFE paid a total of $7.87 in dividends. Of these dividend payments, a total of $4.92 was paid in the last five years.

PFE shareholders have seen a 1.6% change in share price over the past year. Shares of this large-cap stock trade at a price-to-book ratio of 1.9, a price-to-earnings multiple of 17.3, and a price-to-sales multiple of 2.5 (trailing twelve months). Over the past decade shareholders saw a 19.8% average annual return on equity.

Span-America Medical Systems Inc. (SPAN) recently traded at $14.84 per share. At this price level, the stock has a 2.9% dividend yield. For 10 out of the past 10 fiscal years, a share of SPAN paid a total of $2.60 in dividends. Of these dividend payments, a total of $1.82 was paid in the last five years.

SPAN shareholders have seen a 4.8% change in share price over the past year. Shares of this nano-cap stock trade at a price-to-book ratio of 1.7, a price-to-earnings multiple of 11.5, and a price-to-sales multiple of 0.8 (trailing twelve months). Over the past decade shareholders saw a 15.9% average annual return on equity.

Teleflex Incorporated (TFX) recently traded at $60.45 per share. At this price level, the stock has a 2.2% dividend yield. For 10 out of the past 10 fiscal years, a share of TFX paid a total of $10.40 in dividends.

TFX shareholders have sustained a -0.2% change in share price over the past year. Shares of this mid-cap stock trade at a price-to-book ratio of 1.3, a price-to-earnings multiple of 23.1, and a price-to-sales multiple of 1.6 (trailing twelve months). Over the past decade shareholders saw a 12.0% average annual return on equity.

Meridian Bioscience Inc. (VIVO) recently traded at $19.22 per share. At this price level, the stock has a 3.9% dividend yield. For 10 out of the past 10 fiscal years, a share of VIVO paid a total of $4.00 in dividends. Of these dividend payments, a total of $3.08 was paid in the last five years.

VIVO shareholders have seen a 3.2% change in share price over the past year. Shares of this small-cap stock trade at a price-to-book ratio of 5.8, a price-to-earnings multiple of 29.9, and a price-to-sales multiple of 5.0 (trailing twelve months). Over the past decade shareholders saw a 23.4% average annual return on equity.

Each of these divided yielding healthcare stocks has an impressive track record, but not all of them are attractively priced. Focus your research and consideration on LLY, SPAN, and MDT as the companies trading at the lowest multiples.

Source: Growing Dividend From 12 Healthcare Stocks