Why NYSE:MDT qualifies as a good dividend investing stock.

Unearth the potential of MEDTRONIC PLC (NYSE:MDT) as a dividend stock recommended by our stock screening tool. NYSE:MDT maintains a robust financial footing and delivers a sustainable dividend. We'll delve into the details below.

How We Gauge Dividend for NYSE:MDT

ChartMill assigns a Dividend Rating to each stock, ranging from 0 to 10. This rating is calculated by analyzing various dividend elements, such as yield, historical performance, dividend growth, and sustainability. NYSE:MDT has been awarded a 7 for its dividend quality:

• Compared to an average industry Dividend Yield of 1.68, MDT pays a better dividend. On top of this MDT pays more dividend than 98.95% of the companies listed in the same industry.
• Compared to an average S&P500 Dividend Yield of 2.30, MDT pays a better dividend.
• On average, the dividend of MDT grows each year by 6.78%, which is quite nice.
• MDT has paid a dividend for at least 10 years, which is a reliable track record.
• MDT has not decreased their dividend for at least 10 years, which is a reliable track record.

Evaluating Health: NYSE:MDT

ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NYSE:MDT, the assigned 5 reflects its health status:

• The Altman-Z score of MDT (2.76) is better than 64.40% of its industry peers.
• MDT has a Debt to FCF ratio of 4.81. This is amongst the best in the industry. MDT outperforms 81.15% of its industry peers.
• MDT has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
• MDT has a Current Ratio of 2.03. This indicates that MDT is financially healthy and has no problem in meeting its short term obligations.

Profitability Analysis for NYSE:MDT

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NYSE:MDT was assigned a score of 7 for profitability:

• MDT has a Return On Assets of 4.09%. This is amongst the best in the industry. MDT outperforms 80.10% of its industry peers.
• The Return On Equity of MDT (7.32%) is better than 81.15% of its industry peers.
• With a decent Return On Invested Capital value of 5.69%, MDT is doing good in the industry, outperforming 79.58% of the companies in the same industry.
• MDT has a Profit Margin of 11.36%. This is amongst the best in the industry. MDT outperforms 86.91% of its industry peers.
• MDT's Operating Margin of 18.91% is amongst the best of the industry. MDT outperforms 92.15% of its industry peers.
• Looking at the Gross Margin, with a value of 65.73%, MDT is in the better half of the industry, outperforming 70.16% of the companies in the same industry.

Our Best Dividend screener lists more Best Dividend stocks and is updated daily.

Check the latest full fundamental report of MDT for a complete fundamental analysis.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.