2 Top Biotech Stocks to Buy in October
It's often said that there are two certainties in life: death and taxes. Well, a near certainty in life is that the cost of goods and services will continue to rise. That's what economists refer to as inflation, which can be summed up as the general decline in the purchasing power of a dollar as things become more expensive.
Since the consumer price index (an inflation indicator) rose 5.3% year over year in August, it's as important as ever to buy dividend stocks that can raise their dividend ahead of inflation to gain purchasing power. Here are two biotech stocks that not only can stay ahead of inflation through strong dividend increases but that are fairly priced and offer enticing 3% yields.
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Source Fool.com
