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7 Best Pharmaceutical Stocks To Buy For Income

The global pharmaceutical industry will generate more than $1.16 trillion in sales in 2024, according to Statista. The oncology segment alone is expected to generate $214 billion in sales this year. The pharma industry is expected to grow 6.2% annually, reaching $1.47 trillion by 2028.

Not only are pharmaceutical stocks excellent defensive investments in an uncertain economy, some pharma stocks pay sizable dividends that can be a source of steady income and help offset the impact of inflation.

Here are seven pharmaceutical stocks to buy with dividends of at least 2%, according to Bank of America.

This post originally appeared at U.S. News & World Report.