For all of its many successes, the healthcare industry isn't exactly a hotbed of dividend-paying stocks. However, this doesn't mean the sector is entirely without companies that remunerate their shareholders. Some of its larger and more established companies not only hand out distributions on a regular basis, they also declared hefty dividend raises heading into 2024.

So take a bow, Eli Lilly (NYSE: LLY) and UnitedHealth Group (NYSE: UNH); both of these familiar sector names hiked their payouts at double-digit rates. Here's a brief rundown of both increases.

One of the most storied names in the U.S. pharmaceutical business, Eli Lilly started 2024 with gusto. It's got excellent momentum behind obesity treatment Zepbound, which was approved by the Food and Drug Administration (FDA) last November (it was green-lit for diabetes in 2022 under the brand name Mounjaro).

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Source Fool.com