Want some quality dividend stocks to buy, but don't want to break the bank? The stocks listed below offer above-average yields and trade at less than $100. They are an attractive option for investors seeking a balance of high yields and modest valuations.
Novo Nordisk (NYSE:NVO), CVS Health (NYSE:CVS), and Bristol Myers Squibb (NYSE:BMY)are all big names in healthcare. And for income-seeking investors, they can also make for excellent dividend stocks to buy right now. This Rare Signal Is Flashing Again.
In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » Healthcare giant Novo Nordisk has been struggling due to rising competition, and its shares are down 17% over the past year.
It's been struggling to keep up with its key rival, Eli Lilly, and investors have been dumping the stock as its growth rate has been underwhelming of late. However, the good news is that Novo Nordisk still has growth opportunities to tap into. It owns the popular GLP-1 drugs Wegovy and Ozempic and is developing additional medications.
In the healthcare sector, the excitement often centers on new developments. Unfortunately, Novo Nordisk has been lagging in that area, but it still has many projects ongoing within its pipeline. Plus, a higher-dose version of semaglutide, the active ingredient in Wegovy and Ozempic, has been associated with significantly greater weight loss, which could intensify competition with Eli Lilly in the future.
Novo Nordisk is a bit underrated right now, but with the stock trading at just 11 times its trailing earnings and offering a 4% dividend yield, it could be a great buy. The stock closed at just under $45 on Monday. Another healthcare stock that looks like a solid value buy these days is CVS Health, which is known for its pharmacies across the country.
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