Some investors have been reaching for pharmaceutical stocks like Pfizer (NYSE:PFE), Bristol-Myers Squib (NYSE:BMY), and Abbot Laboratories (NYSE:ABT) that pay close to 5 percent dividend.

FORBES: A Safe Place to Invest your Dead Cash

Some have been buying pharmaceutical stocks like Merck (NYSE:MRK), Eli Lilly (NYSE:LLY), Pfizer (NYSE:PFE), Bristol-Myers Squib (NYSE:BMY), and Abbot Laboratories (NYSE:ABT) that pay close to 5 percent dividend.

FORBES: Six recession-proof stocks that beat the bank