Medtronic MDT is the largest pure-play medical device maker, but that’s not its only distinguishing feature. The company has raised its dividend for 46 consecutive years, earning it dividend aristocrat status. It’s a favorite at Morningstar, too. The wide-moat company lands among Morningstar’s Best Companies to Own: 2023 Edition and appears on our 10 Best Value Stocks to Buy for the Long Term list. And Morningstar Research Services’ chief U.S. market strategist, Dave Sekera, says Medtronic is a great play on the combination of medical technology and aging in the United States; listen to his take in 4 Undervalued Wide-Moat Stocks with Defensive Traits.
Continued Article: https://www.morningstar.com/stocks/dividend-aristocrat-thats-20-undervalued