MDT - 2 Healthcare Dividend Stocks You'd Regret Not Buying on the Dip
2023-10-08 08:15:00 ET
For income-seeking investors, the only thing better than a solid dividend stock is a beaten-down one whose shares can be bought on the dip. And while the market has largely recovered this year, some dividend-paying corporations missed the memo and have substantially lagged broader equities, which makes them ideal targets for dividend investors.
Let's look at two examples: Medtronic (NYSE: MDT) and Viatris (NASDAQ: VTRS) .
Medtronic is one of the largest healthcare companies in the world and focuses on medical devices. It boasts a vast portfolio of products across four main therapeutic areas and dozens of countries. However, Medtronic has had trouble growing its revenue lately. The company has also encountered severe problems due to the pandemic as the volume of elective procedures slowed -- and the economic issues that followed, such as inflation and supply chain problems.
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2 Healthcare Dividend Stocks You'd Regret Not Buying on the Dip