3 Pet Med Stocks That Offer Growth and a Nice Dividend
Many people are staying away from their doctor or dentist, out of caution, during the COVID-19 pandemic. But most pet owners are still bringing Fido, Kitty, and Mr. Whiskers to the vet, and even if they're not, they're going online to make sure they have their pet's meds.
Pet health is a growth industry, with 67% of U.S. families owning a pet (85 million homes), up from 56% in 1988. In the U.S., people spent $95.7 billion on pets last year, and that includes spending on pet health. PetMed Express, Phibro Animal Health, and, yes, Merck & Co. are growing pet medicine companies with solid dividends. Here's why I like each one, even amidst a pandemic.
Image source: Getty Images.
Source Fool.com
