2 Unstoppable Dividend Stocks to Buy Right Now for Less Than $200

Group 1: Dividend Stocks Overview - Dividend income can enhance portfolio growth and provide flexibility in usage [1] - Investing in dividend stocks is a strategy to navigate market volatility [1] Group 2: Medtronic (MDT) - Medtronic is a leading global manufacturer of medical devices, with a strong history of dividend payments, increasing dividends for 46 consecutive years [3][4] - The company currently pays out approximately 93% of its earnings as dividends, with a forward annual dividend rate of $2.80 per share, yielding about 3% [3] - In the last 12 months, Medtronic reported profits of around $4 billion on revenues of approximately $33 billion, with operating cash flow nearing $7 billion [3] - The most recent quarter showed a modest 3% year-over-year revenue growth, but net profit surged by 32% to just over $1 billion, driven by growth in cardiovascular and diabetes product portfolios [4] - Medtronic's stock price performance has been moderate, presenting a potential buying opportunity with a price-to-sales (P/S) ratio of less than 4 [5] Group 3: Target (TGT) - Target has a strong dividend history, with its upcoming Q3 dividend marking the 228th consecutive payment since 1967 and on track for its 53rd consecutive year of dividend increases [6] - The company yields approximately 3% based on current share prices, with a forward annual dividend of $4.48 per share, paying out 46% of its earnings in dividends [6] - Target faced challenges post-pandemic, including changing consumer shopping patterns and excess inventory, which impacted growth and profitability [7] - Recent financial reports indicate a recovery, with total revenue of around $26 billion, up 2.7% year-over-year, and digital sales growing by 8.7% [8] - Target's operating income rose by 36.6% to $1.6 billion, and net earnings increased by 43% to $1.2 billion year-over-year, indicating solid performance for income investors [9]