12 Best Consistent Dividend Stocks to Buy

4. Medtronic plc (NYSE:MDT)

Number of Hedge Fund Holders: 67

Medtronic plc (NYSE:MDT) is a leading global medical device company that operates across four primary segments: medical-surgical, neuroscience, cardiovascular, and diabetes, offering a wide array of healthcare solutions. One of its key initiatives for 2025 involves integrating artificial intelligence (AI) into its product portfolio. The company is incorporating machine learning and automation in various areas, with the GI Genius intelligent endoscopy module being a notable innovation. This AI-powered system enhances polyp detection, improving both the accuracy and efficiency of colonoscopies. So far in 2025, the stock has gained over 12%.

In the third quarter of fiscal 2025, Medtronic plc (NYSE:MDT) reported revenue of $8.3 billion, marking a 2.5% year-over-year increase, though slightly below Wall Street’s estimate of $8.33 billion. The company posted GAAP diluted earnings per share (EPS) of $1.01, while adjusted EPS grew 7% from the prior year to $1.39, exceeding analyst expectations of $1.35.

Medtronic plc (NYSE:MDT) currently offers a quarterly dividend of $0.70 per share, yielding 3.10% as of March 22. Its latest earnings report highlighted strong financial performance, with over $4.5 billion in operating cash flow and $3.1 billion in free cash flow generated during the first nine months of the fiscal year. This financial strength has allowed Medtronic to maintain its commitment to shareholder returns, extending its record of consecutive dividend increases to 47 years. MDT is one of the best dividend stocks on our list.