Viatris (NASDAQ: VTRS) - 3 Cheap Stocks that distribute Profitable Dividends - Part 3

  Viatris (NASDAQ: VTRS) - 3 Cheap Stocks that distribute Profitable Dividends - Part 3 In the third and final episode of our series titled 3 Cheap Stocks that Distribute Profitable Dividends, we will examine Viatris, an American-based global health company.

3-Viatris

Founded in November 2020 by the merger of Pfizer's Upjohn division and Mylan, Viatris is not yet a dividend share. However, the company plans to launch a dividend program in the second half of this year and increase payments each year going forward. One of the cheapest stocks currently on the market, Viatris expects 2021 to be an "intermediate year" as it deals with declining sales of some old drugs.  

Viatris expects 2021 to be an "intermediate year" as it deals with declining sales of some old drugs.

  It is thought that Viatris, formed by the Upjohn / Mylan merger, will achieve more than $ 1 billion in synergy by 2023. Also, it is predicted that this will give the company a great advantage. The company plans to achieve a consistent revenue growth each year from 2024 and to repurchase its shares when its debt is reduced to target levels. Viatris won't be the kind of stock that excites growth investors. However, it will certainly be the type of stock that will be liked by investors looking for a fair amount in the long run. Viatris - 3 Cheap Stocks that distribute Profitable Dividends - Part 3  

Source: The Motley Fool

 

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