A look at five dividend paying ASX healthcare shares

Highlights

  • The market participants prefer shares that offer steady and stable returns over time in a dividend.

  • Many healthcare shares pay consistent dividends to their investors.

  • CSL Limited, Cochlear, Ramsay Health Care, Ansell and Sonic Healthcare are few leading dividend payers in the ASX healthcare sector.

When markets are volatile, participants prefer shares that pay good dividends to make their equity investments less risky. Investors who want steady returns or growth are always keen to invest in shares with a consistent dividend payout history and high dividend yields..

RELATED ARTICLE: Three dividend paying small-cap stocks with strong returns

The healthcare industry has been performing well amid COVID-19 pandemic and is one of the most noticeable industries on the ASX. Therefore, if anyone is looking for high-quality dividend growth stocks, healthcare sector investment is deemed good. The increasing aging demographics and growing population is expected to further boost the healthcare industry and witness strong demand for various healthcare products and services.

ALSO READ: 3 ASX-listed dividend growth stocks to keep tabs on

In this backdrop, let us discuss five healthcare stocks with a noticeable dividend yield.

CSL Limited (ASX:CSL)

ASX-listed biotech behemoth CSL Limited is engaged in the development of innovative biotherapies and influenza vaccines to save the lives of people who are suffering from life-threatening medical indication.

On 17 August 2021, CSL declared a final dividend (10% franked) of US$1.18 per ordinary share. The Company anticipates paying the final dividend on 30 September 2021.

Image Description: Dividend provided by CSL

Copyright © 2021 Kalkine Media (Data Source: ASX)

Furthermore, CSL is confident that with the solid foundations and disciplined execution of the strategy the Company will be in a position to return to sustainable growth amid COVID-19 induced challenges. CSL has increased the total dividend to US$2.22 per share as an indication of this confidence.

During the financial year 2021, CSL has provided support for COVID-19 vaccines across several programs as well as partnerships spanning vaccines, monoclonal antibodies and plasma therapies.

On 15 September 2021, CSL shares closed at AU$304.880, up 4.199% from the previous close.

RELATED ARTICLE: Four ASX dividend stocks in the healthcare space

Cochlear Limited (ASX:COH)

Cochlear is a medical device player that is engaged in the development of implantable hearing devices to help in restoring hearing and connect people to a world of sound.

On 20 August 2021, the Company announced a final dividend of AU$1.40 bringing the full year dividends to AU$2.55 per share. The Company will pay its dividend on 18 October 2021.

Also, the Company has provided net profit guidance of AU$265-285 million for the financial year 2022, a rise of 12-20% on underlying net profit for FY21.

Image Description: Dividend provided by COH

Copyright © 2021 Kalkine Media (Data Source: ASX)

Furthermore, the Company remained in a strong position with operating cash flows sufficient to fund investing activities as well as capital expenditure while providing dividends to shareholders.  

On 15 September, COH shares closed at AU$234.720, up 4.719% from the previous close.

Ramsay Health Care Limited (ASX:RHC)

Ramsay Health Care is engaged in providing quality healthcare services via its worldwide network of clinical practice. The Company’s global network extends across 10 nations, with more than eight million patient visits to its facilities in over 460 locations.

Image Description: Dividend provided by RHC

Copyright © 2021 Kalkine Media (Data Source: ASX)

In August 2021, Ramsay updated the market with its performance in the financial year 2021. The Company has delivered significant results despite the COVID-19 environment. During FY21, the Company has declared a final dividend (fully franked) of 103.0cps taking the full-year dividend to 151.5cps.

Notably, the business is well-positioned to continue to benefit from pent up demand for both private as well as public healthcare services across its regions.

On 15 September 2021, RHC shares closed at AU$68.150, up 0.176% from the previous close.

Image Description: Healthcare stocks CSL, COH, RHC, ANN, SHL provided good returns

Copyright © 2021 Kalkine Media

Ansell Limited (ASX:ANN)

ASX-listed Ansell is a world-leader in offering excellent health and safety protection solutions that improve well-being of people. The Company operates in two main business segments industrial division and healthcare division.

During FY21, the Company witnessed record sales with volume growth for Surgical and Life Sciences. The Company declared final dividend of US43.6¢ (40% payout), taking the full year dividend to US76.8¢ representing 53.6% of growth over FY20. The payment date of dividend would be 16 September 2021.

Image Description: Dividend provided by ANN

Copyright © 2021 Kalkine Media (Data Source: ASX)

For FY22, the Company anticipates constant demand for life sciences, mechanical, surgical, and internally developed single-use gloves. In FY22, the earnings per share (EPS) is anticipated to be in the range of 175¢ to 195¢.

On 15 September 2021, ANN shares closed at AU$36.30, down 0.180% from the previous close.

Sonic Healthcare Limited (ASX:SHL)

Sonic Healthcare is playing a significant role in preventing the COVID-19 pandemic and continues to offer its essential healthcare services, with approximately 138 million patients served worldwide in FY21. The Company has delivered net profit growth of 149% to AU$1.3 billion, during the year.

Image Description: Dividend provided by SHL

Copyright © 2021 Kalkine Media (Data Source: ASX)

Interestingly, the Company has maintained its progressive dividend policy and delivered a final dividend (franked to 65%) of AU$0.55 per share with a payment date of 22 September 2021. Total dividends for the year up 7% on the prior year.

On 15 September 2021, SHL shares closed at AU$42.160, up 0.861% from the previous close.

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