NEW YORK (AP) — Moody's Investors Service said Monday that it expects more companies in the health-care industry to start paying dividends, keeping pace with a trend in the broader market.
Moody's said more health-care and life-science companies have started paying dividends in the last 12 months than over the past five years combined. The firm said investors are placing more value on immediate stable income.
As likely candidates for new dividend payouts, Moody's named clinical-lab-services company Laboratory Corp. of America Holdings, life-sciences and medical-research-tools maker Life Technologies Corp., cancer-drug maker Celgene Corp., multiple-sclerosis drug maker Biogen Idec Inc., and medical-device maker CareFusion Corp.
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