Here's How Many Shares of Medtronic You Need to Own to Get $1,000 in Yearly Dividends

Dividend Stocks Overview - Dividend-paying stocks offer a triple upside: stock price appreciation, cash distribution via dividends, and potential dividend growth over time [1] - Medtronic (MDT) is highlighted as a solid dividend stock with a long history of increasing payouts [2] Medtronic's Dividend Performance - Medtronic has increased its dividend payout for nearly 50 consecutive years [2] - Recent dividend yield of 3.2%, translating to $32 annually for a$1,000 investment [2] - Over the past five years, Medtronic's dividend payout has grown at an average annual rate of 5% [3] - Medtronic has been actively buying back shares, enhancing shareholder rewards [3] Calculating Dividend Income from Medtronic - Current quarterly dividend is $0.70 per share, or$2.80 annually [3] - To achieve $1,000 in annual dividends, an investor would need to own 357 shares of Medtronic [3] - If the dividend increases by 5$1,050, and $1,102.50 the following year [3] Valuation and Appeal of Medtronic - Medtronic's forward-looking P/E ratio is 15.1, below its five-year average of 17.6, indicating potentially attractive valuation [4] - The company's shares are considered appealing for both dividend and non-dividend investors [4]