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Dividend stocks should be a part of everybody’s long-term stock portfolio. Better you have dividend stocks from growing industries. Let’s take a look into the medical instruments and supplies industry, an industry that I had analyzed by the best yielding dividend stocks a few months ago.

The industry has a total market capitalization of $222 billion, the average P/E ratio is 18.1, P/B ratio 11.5 and the average dividend yield amounts to 1.5%. More interesting are the margins and the past growth from the industry. The average company from the medical instruments and supplies industry has a net profit margin of 13.2%.

I screened stocks from the industry with a positive dividend yield and a payout ratio of more than 20%. Finally, the stock should have a 5-year dividend growth of more than 10%. Below are three major dividend paying players from the medical instruments and supplies industry that meet these criterias:

  1. Becton Dickinson (NYSE:BDX) has a market capitalization of $17.1 billion, generates revenues in an amount of $7.7 billion and a net income of $1.3 billion. It follows P/E ratio is 14.3 and forward price to earnings ratio 12.6, price/sales 2.2 and price/book ratio 3.2. Dividend yield: 2.1%. Years of consecutive dividend increasing: 38 Years. 5-year dividend growth: 14.2%. The company paid dividends since 1926. The expected EPS growth for next year amounts to 10.1 and 10.1% for the upcoming 5 years.
  2. Stryker (NYSE:SYK) has a market capitalization of $18.4 billion, generates revenues in an amount of $7.8 billion and a net income of $1.3 billion. It follows P/E ratio is 15.0 and forward price to earnings ratio 11.5, price/sales 2.4 and price/book ratio 2.4. Dividend yield: 1.5%. Years of consecutive dividend increasing: 18 years. 5-year dividend growth: 46.8%. The company paid dividends since 1991. The expected EPS growth for next year amounts to 11.3 and 11.2% for the upcoming 5 years.
  3. Baxter International (NYSE:BAX) has a market capitalization of $30.8 billion, generates revenues in an amount of $13.5 billion and a net income of $2.1 billion. It follows P/E ratio is 14.8 and forward price to earnings ratio 11.5, price/sales 2.3 and price/book ratio 4.4. Dividend yield: 2.3%. Years of consecutive dividend increasing: 2 years. 5-year dividend growth: 18.0%. The company paid dividends since 1934. The expected EPS growth for next year amounts to 9.3 and 9.7% for the upcoming 5 years.
Source: 3 Promising Medical Instruments And Supplies Dividend Growth Stocks