This Healthy High-Yielding Dividend Stock Just Increased Its Payment for the 48th Year in a Row
Medtronic (NYSE: MDT) has been a dividend stalwart for decades. The medical device maker recently raised its dividend payment, extending its growth streak to 48 straight years. That means it is two years away from joining dividend royalty as a Dividend King. The increase pushed the healthcare company's dividend yield further above 3%, which is more than double the S&P 500's sub-1.5% dividend yield. With a growing business and a healthy financial profile, Medtronic is an excellent option for investors seeking a high-quality, high-yielding dividend stock. Image source: Getty Images.Continue reading
Medtronic (NYSE: MDT) has been a dividend stalwart for decades. The medical device maker recently raised its dividend payment, extending its growth streak to 48 straight years. That means it is two years away from joining dividend royalty as a Dividend King.
The increase pushed the healthcare company's dividend yield further above 3%, which is more than double the S&P 500's sub-1.5% dividend yield. With a growing business and a healthy financial profile, Medtronic is an excellent option for investors seeking a high-quality, high-yielding dividend stock.
Image source: Getty Images.
