Medtronic plc (NYSE:MDT) is included among the 10 Best and Safe Dividend Stocks to Buy Now.
A surgeon in a modern operating room holding advanced medical devices with a sense of purpose and accuracy.
The company showcases solid financial health with steady revenue, strong free cash flow, and reliable earnings. Its current dividend payout ratio stands at 53.14%, well below its 10-year average, indicating stronger earnings coverage. MDT remains committed to innovation, allocating $1.85 billion to advance technologies in cardiac care, diabetes, and surgical solutions, while also expanding its footprint in emerging markets and the Asia-Pacific region.
Offering a broad portfolio that spans cardiovascular, neuroscience, medical-surgical, and diabetes care, Medtronic plc (NYSE:MDT) integrates artificial intelligence and robotics to enhance its products. The company also plans to spin off its diabetes segment into a separate entity to unlock shareholder value.
With just two more dividend increases, Medtronic plc (NYSE:MDT) is on track to achieve Dividend King status. The company has grown its dividends for 48 years in a row. Currently, it offers a quarterly dividend of $0.71 per share and has a dividend yield of 3.06%, as of July 27.
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