Medtronic: A Smart Dividend Gem To Buy On The Cheap

Mar. 10, 2023 8:05 AM ETMedtronic plc (MDT) StockMDT22 Comments
Gen Alpha
Investing Group

Summary

  • Medtronic is seeing a decent rebound to its topline, as the healthcare segment recovers.
  • Management is transforming the company through cost reductions and investments in high growth and synergistic areas.
  • The stock pays a decent dividend and appears to be value priced at present.
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Money and investment concept

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Higher interest rates have caused plenty of indigestion for the market, as reflected by performance over the past few weeks.

Banks in particular were hit hard on March 9th, when SVB Financial Group (Silicon Valley Bank (SIVB

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Gen Alpha
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Analyst’s Disclosure:I/we have a beneficial long position in the shares of MDT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am not an investment advisor. This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.

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