Sunday, 18 September 2016

Did You Miss it? Medical Technology Aristocrat Added to the Best Dividend Stocks List


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Medical Technology Aristocrat Added to the Best Dividend Stocks List


We just added a medical technology giant to the Best Dividend Stocks list today. The company has more than $120 billion in market cap and recently raised its dividend by 13%. The company primarily offers medical devices, although it is diversified across therapeutic areas including cardiac, minimally-invasive restorative therapy and diabetes. Fundamentally, this company has an advantage in the form of an aging US population. This technology giant recently made an acquisition that is likely to realize cost savings of more than $800 million in 2 years.

It is highly profitable and part of the Dividend Aristocrat group of companies – having raised its dividend for 38+ consecutive years. The company can easily afford to raise its dividends by double digits given their modest payout ratio and expected earnings growth of 7% in FY2017.


4 Reasons Why You Should Own This Stock:

  • In spite of being a "dividend aristocrat," the company has enough room to keep increasing its dividends further.
  • Strategic acquisitions are going to result in massive cost savings going forward.
  • Demographic dividend in the form of an aging US population favors the company's growth outlook.
  • With more than $120 billion in market cap, this company has a wide economic moat.
Stock Symbol  Unlock   Price Recommended  Unlock
Company Name  Unlock   Date Recommended 07/08/2016
DARS Rating 3.9   Ex-Div Date  Unlock
Current Yield 2.03%   Pay Date  Unlock
All data in the table above updated as of 09/14/2016.

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MORE ABOUT THIS STOCK

Trailing 5-Year Dividend Payout History

  • Annualized Growth Over Last 5 Yrs: 9.8%.

As a dividend investor, you need access to the best and safest stocks in the market. Dividend.com’s DARS ratings have been providing you with reliable and profitable stock analysis since 2008, and this addition is no exception.

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