Eli Lilly and Company (NYSE:LLY) is included among the 10 Best Rising Dividend Stocks to Buy Now.
Eli Lilly and Company (NYSE:LLY) is seen as a strong healthcare stock that investors can confidently hold for many years. Known for its long track record of innovation and extensive drug pipeline, the Indianapolis-based pharmaceutical company boasts impressive financial performance and promising long-term growth potential.
At present, Eli Lilly and Company (NYSE:LLY) operations revolve around two widely popular injectable GLP-1 products, “Mounjaro” for diabetes and “Zepbound” for weight loss. Both share the same active ingredient, tirzepatide, which has shown significant potential in treating other conditions as well. Recent clinical trials have suggested that tirzepatide could help manage fatty liver disease, while data also indicates that GLP-1 drugs might play a role in curbing addiction. In the near future, the company aims to introduce a weight loss pill, possibly as early as next year.
The company’s financial results have already been impressive. For the current year, Eli Lilly and Company (NYSE:LLY) projects revenue in the range of $60 billion to $62 billion. It also recently declared a quarterly dividend of $1.50 per share, consistent with its prior payout. Overall, the company has increased its dividend for 11 consecutive years. The stock has a dividend yield of 0.73%, as of October 28.
While we acknowledge the potential of LLY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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