Medtronic PLC (NYSE: MDT) is included among the 10 best recession -proof dividend shares to buy.
In a recession, economic activity slows down, unemployment and consumer spending falls increases. However, defensive sectors such as medical care are often maintained better, since medical products and services are essential. Companies such as Medtronic PLC (NYSE: MDT) benefit from this resilience.
Medtronic PLC (NYSE: MDT) is among the largest medical devices manufacturers in the world, with a portfolio that covers four key areas: diabetes care, cardiovascular health, medical surgical and neuroscience. Its products include treatments for aneurysms, strokes and hernias, along with insulin bombs for diabetes, essential medical needs that people are unlikely to reduce.
Medtronic PLC (NYSE: MDT) is well positioned for long -term growth, backed by its strong presence of the industry and the global trend of a population that ages. The company has also invested in areas with significant future potential, such as robot surgery. While intuitive surgical currently leads this market, Medtronic sees the opportunity, noting that less than 5% of eligible surgeries are carried out robotically today.
Medtronic PLC (NYSE: MDT) has been rewarding shareholders with increasing dividends during the last 48 years, which makes it one of the best dividend shares for a recession. Pay a quarterly dividend of $ 0.71 per share and has a dividend yield of 3.01%, as of September 26.
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Disclosure: None.
(Tagstotranslate) Medtronic PLC (T) Recession test
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