7 Healthcare Dividend Stocks Analysts Expect Will Rise

|
 |  Includes: ABT, AZN, GSK, JNJ, LNCR, MRK, PFE
by: Dividend Stocks Online

Our price targets are fair value estimates by our investment firm's analysts. These price targets are never a guarantee of future performance, but they do help retail investors catch a quick glance at where the experts expect to see a stock headed. We found seven healthcare related stocks that have price targets of 5% or more above their current stock prices. Each of these healthcare dividend stocks has a dividend yield of 3% or more.

Lincare Holdings Inc. (LNCR)

Lincare Holdings has an average price target of $28.56 and was recently trading at $24.75, which is 13% lower than the average price target. LCNR has a dividend yield of 3.2% and a payout ratio of 41%. The company started paying dividends in 2010 and has maintained its quarterly distribution of $.20 per quarter.

Pfizer Inc (PFE)

Pfizer Inc has an average price target of $24.95 and was recently trading at $21.96, which is 12% lower than the average price target. PFE has a dividend yield of 3.8% and a payout ratio of 74%. The company started paying dividends in 1901. Pfizer increased its dividend in 2012 and 2011 after cutting it in 2010.

Johnson & Johnson (JNJ)

Johnson & Johnson has an average price target of $71.88 and was recently trading at $64.07, which is 11% lower than the average price target. JNJ has a dividend yield of 3.6% and a payout ratio of 65%. The company has increased its dividend for 49 years and has a 5-year dividend growth rate of 8.7%.

GlaxoSmithKline (GSK)

GlaxoSmithKline has an average price target of $50.54 and was recently trading at $45.5 which is 10% lower than the average price target. GSK has a dividend yield of 5.4% and a payout ratio over 100%. The company has increased its dividend for two years now after cutting it in 2010.

AstraZeneca PLC (AZN)

AstraZeneca has an average price target of $49.23 and was recently trading at $44.58, which is 9% lower than the average price target. AZN has a dividend yield of 6.3% and a payout ratio of 38%. The company has increased its dividend for nine years and has a 5- and 3-year dividend growth rate over 10%.

Merck & Co Inc (MRK)

Merck has an average price target of $41.38 and was recently trading at $38.02, which is 8% lower than the average price target. MRK has a dividend yield of 4.2% and a payout ratio of 79%. The company started paying dividends in 2010 and just boosted its dividend in 2012 by 10%.

Abbott Laboratories (ABT)

Abbott Laboratories has an average price target of $63.44 and was recently trading at $59.96, which is 5% lower than the average price target. ABT has a dividend yield of 3.3% and a payout ratio of 67%. The company has increased its dividend for 39 years and has a 3- and 5-year dividend growth rate of 10%.

Disclosure: I am long JNJ.