This Undervalued Dividend Aristocrat Just Raised its Dividend
From Yahoo Finance: 2025-05-21 16:00:00
Medtronic plc (NYSE: MDT) raised its dividend by 1.4% to $0.71 per share, marking 48 consecutive years of dividend growth. The company reported strong cash flow of $7 billion in operating cash flow and $5.2 billion in free cash flow for FY25. With a 3.3% dividend yield, MDT is set to trade ex-dividend on June 27. The stock has a forward P/E ratio of 14.77 and is up over 5% in 2025, presenting an attractive entry point for long-term investors.
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