3 top ‘dividend aristocrat’ stocks: Morningstar

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A dividend aristocrat is a company that has raised its dividend for at least 25 consecutive years.

Dividend stocks often offer a safe haven in times of market volatility. That’s especially true of companies that regularly raise their dividends.a list of three “dividend aristocrats” that are popular with investors. A dividend aristocrat is a company that has increased its dividend for at least 25 straight years.

As adoption of EVs increases, “we expect high-double-digit annual growth in global lithium demand,” he said. Morningstar moat rating: wide. Morningstar fair value estimate: $112. Wednesday price quote: $76.50. Forward dividend yield: 3.2%. As for its history, “Medtronic has focused on innovation, designing and manufacturing devices to address cardiac care, neurological and spinal conditions, and diabetes,” Wang said.

Note that the stock is trading right around Morningstar’s fair value estimate. That indicates investors should hold off buying for now, according to the research firm. It’s “best left on a watchlist for now,” wrote Morningstar investment specialist Susan Dziubinski.

 

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