From 24/7 Wall St. · Chris Lange · · 1m 20s
Medtronic's 49-Year Dividend Streak
Medtronic has raised dividends for 49 years. Two rivals have longer streaks.
In brief
Medtronic has raised dividends for 49 years. Two rivals have longer streaks. Medtronic, Abbott Laboratories, and Johnson & Johnson have raised dividends for decades, with Medtronic at 49 years, Abbott at 54 years, and Johnson & Johnson at 64 years. Originally reported by 24/7 Wall St..
Medtronic: Top Yield in Group
Medtronic yields 2.95% at $94.05 share price with $0.72 quarterly dividend.
Medtronic's 49-Year Dividend Streak
Medtronic has raised dividends for 49 consecutive years, the shortest streak in the group.
Abbott Laboratories
Abbott yields 2.46% at $102.42 share price with $0.63 quarterly dividend.
Abbott's 54-Year Dividend Streak
Abbott has raised dividends for 54 consecutive years, the longest streak among the three.
Johnson & Johnson
Johnson & Johnson has raised dividends for 64 consecutive years, the longest streak in the group.
Dividend Safety Metrics
All three companies pay out about half their earnings as dividends with strong balance sheets.
Medtronic's Growth Momentum
Medtronic's first-quarter revenue rose 13.7% to $9.76 billion with Cardiac Ablation Solutions growing 88%.
Abbott's Device Business Growth
Abbott's medical devices revenue rose 9.0% to $5.85 billion with continuous glucose monitors bringing in $2.19 billion.
Johnson & Johnson's Growth Drivers
Johnson & Johnson's MedTech revenue grew 14.6% with DARZALEX sales rising 18.9%.
The one thing
Medtronic, Abbott Laboratories, and Johnson & Johnson have raised dividends for decades, with Medtronic at 49 years, Abbott at 54 years, and Johnson & Johnson at 64 years.
