Should Income Investors Buy This Soon-to-Be Dividend King?
Imagine spending a lifetime building your investment portfolio only to worry about whether you will outlive the balance in your investment accounts.
If you are exclusively buying growth stocks with the intent of eventually selling them off for capital gains to sustain your lifestyle, running out of money could be a possibility. This is because a market downturn at the wrong time could effectively wipe out years of capital gains in just months.
But a dividend growth strategy -- with the right stocks -- could allow your money to grow rather than diminish over time. Consider medical device maker (NYSE: MDT). Having just upped its quarterly dividend for the 46th straight year, it is on the cusp of becoming a Dividend King.
Source Fool.com
Medtronic plc Stock
€81.95
-0.240%
We see a rather positive sentiment for Medtronic plc with 8 Buy predictions and 1 Sell predictions.
With a target price of 94 € there is a slightly positive potential of 14.7% for Medtronic plc compared to the current price of 81.95 €.
