biotech Bob Ciura: Dividend stocks are abundant within the highly profitable health care and pharmaceutical sectors. But the biggest dividend among Big Pharma stocks belongs to GlaxoSmithKline PLC (NYSE:GSK). The Brentford, England-based company's ...
Fears over the financial robustness of GlaxoSmithKline (LSE: GSK) (NYSE: GSK.US) were fanned in Wednesday business after it announced it was scrapping plans to return �4bn worth of cash to shareholders following its asset-swap with Novartis.
Within the healthcare sector, Pfizer (NYSE: PFE ) and GlaxoSmithKline (NYSE: GSK ) are two popular dividend stocks because they have strong brands and a long history of paying out dividends, and they dole out a higher-than-average yield.
News that GlaxoSmithKline (LSE: GSK) (NYSE: GSK.US) is guaranteeing its dividend for three years was welcomed by the market, which feared the payout would be come under pressure due to falling earnings.