Prediction: Buying Medtronic Today Will Set You Up for Life
Healthcare can be a complex sector, and it is one that I long ago decided to outsource to the industry professionals who run closed-end fund Blackrock Health Sciences Trust. But I couldn't resist dipping my toe into the sector when I saw the historically high yield on offer from Medtronic (NYSE: MDT), one of the largest and most diversified medical device makers.Here's why this is the one healthcare stock I own and why I think it will help set me up for life -- and may do the same for you too if you buy it.One of the signs of dividend greatness is a company that has increased its dividend year in and year out for decades. That can only be accomplished if a company has a strong business model that gets executed well in both good times and bad. That said, even great companies go through bad times, which is when I most like to buy them. My preferred tool for finding companies that have fallen on hard times is looking for stocks with historically high dividend yields.Continue reading
Healthcare can be a complex sector, and it is one that I long ago decided to outsource to the industry professionals who run closed-end fund Blackrock Health Sciences Trust. But I couldn't resist dipping my toe into the sector when I saw the historically high yield on offer from Medtronic (NYSE: MDT), one of the largest and most diversified medical device makers.
Here's why this is the one healthcare stock I own and why I think it will help set me up for life -- and may do the same for you too if you buy it.
One of the signs of dividend greatness is a company that has increased its dividend year in and year out for decades. That can only be accomplished if a company has a strong business model that gets executed well in both good times and bad. That said, even great companies go through bad times, which is when I most like to buy them. My preferred tool for finding companies that have fallen on hard times is looking for stocks with historically high dividend yields.
