Is Medtronic a Good Dividend Stock to Buy Now?
If you're looking for reliable dividend stocks, they don't get much better than (NYSE: MDT). The medical device company has raised its dividend payout for 46 consecutive years.
From 1978 through the present, Medtronic's dividend payout has risen at an average rate of 16% annually. That's fast enough to double the yield you receive on your original investment every four and a half years.
While Medtronic has a history of rapid dividend raises, it's slowed down by a lot recently. This year, Medtronic increased its dividend payout by just $0.01 or 1.5%, and investors are concerned that future raises won't keep pace with inflation.
Source Fool.com
Medtronic plc Stock
€75.89
0.720%
With 10 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 94 € shows a positive potential of 23.86% compared to the current price of 75.89 € for Medtronic plc.
