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Eli Lilly (LLY)

#6

NAME: ELI LILLY (STOCK MARKET TICKER: LLY)

BUSINESS: HEALTHCARE (PHARMACEUTICALS)

WHAT I PAID AND WHEN: $441 IN JULY, 2023

DIVIDEND YIELD: 0.6%

ANNUAL DIVIDEND GROWTH: 0.8%

PAYOUT RATIO: 27%

FOUNDED: 1876

Pharmaceutical shares offer investors the chance to help fund medical research and do well by doing good. But they but do not guarantee healthy returns because only 10% of new medicines that begin clinical trials survive phases I to III and make it to market. So billions of shareholders’ wealth is destroyed every year on drugs that disappoint.

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