Technology isn’t just improving how we work or play. It’s also improving our lives. The healthcare sector continues to take advantage of new advances in technology to improve outcomes. And our newest Best Dividend Growth Stocks Model pick has been using technology to create advancements for over five decades, and it’s rewarded shareholders along the way. Investors can catch its latest $0.51 quarterly payout by buying the stock before it goes ex-dividend on Thursday, April 13!
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
After a spin-out several years ago, our pick has become a medical device giant. With products covering everything from diabetes and renal care to neuromodulation and diagnostics, our pick has its hands in many areas of the healthcare segment, providing plenty of stability to its revenues and cash flow.
Increasingly, its products have continued to focus on the high-tech sector, with artificial intelligence (AI), data mining and cloud/IoT-connected devices dotting its product mix. Healthcare professionals have continued to tap our pick’s products to improve patient care, and with these new advanced products coming with higher price points and margins, our pick has continued to prosper.
Investors have prospered as well. With a 10-year average dividend growth rate of more than 12%, our pick’s payout has continued to outpace inflation and the broader markets. Add in our pick’s long history of buyback strength, and you have a recipe for a top-notch dividend growth stock with plenty of potential to keep the party going.
In order to make room for our latest medical device name, we’ve been forced to remove a health insurance stock from the list.
