City File: Healthy yields
HOW times change. A couple of years ago, few people cared about the dividend yield on drug stocks because of their superb growth potential.
But what with worldwide healthcare reform, problems at Fisons and Wellcome and a collapse in drug stock ratings, the yield on many healthcare companies is becoming attractive. Jonathan de Pass at BZW says the yields on Zeneca and Wellcome - 5.2 and 3.2 per cent - look pretty good and the shares could be worth buying.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies