Medtronic: Dividend Stock Analysis
Dividend Growth Investor submits:
Medtronic, Inc. (MDT) develops, manufactures, and sells device-based medical therapies worldwide. This dividend champion has raised distributions for 33 years in a row.
Over the past decade this dividend stock has produced a negative total return of 2.20% per year. The company was grossly overvalued in 2000, ending the year at a P/E of 68 which explains the poor returns over the past decade.
Investing, Long Term Investment, stock market | admin September 3, 2010
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