1 Reason Every Investor Should Know About Medtronic (MDT)

The list of Dividend Kings -- the very few U.S.-traded stocks that have enacted dividend raises at least once annually for a minimum of 50 years in a row -- is extremely short. That's why it's quite an event when a new stock joins this very limited and exclusive club. Barring a sudden collapse of its business, which is very unlikely, Medtronic (NYSE: MDT) is set to earn Dividend King status in the very near future.That will put it on the radar of income investors who might not realize that this is one of the better income-generating sleeper stocks on the scene.Medtronic's generous dividend started off modestly in the long-ago days of 1977, at well under $0.01 per share. Management started adding to the payout the following year and never stopped; ultimately that tiny amount ballooned to the current level of $0.71 per share. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool