14 Best Performing Dividend Stocks To Buy Now

4. Medtronic plc (NYSE:MDT)

Year-to-Date Return as of March 7: 18.32%

Medtronic plc (NYSE:MDT), a global leader in medical devices, operates across four key divisions—medical-surgical, neuroscience, cardiovascular, and diabetes—offering a diverse range of products. In fiscal Q3 2025, the company reported $8.3 billion in revenue, reflecting a 2.5% increase from the previous year but coming in slightly below Wall Street’s estimate of $8.33 billion. It posted GAAP diluted earnings per share (EPS) of $1.01, while adjusted EPS rose 7% year-over-year to $1.39, surpassing analyst expectations of $1.35.

One of Medtronic plc (NYSE:MDT)’s major initiatives in 2025 is the integration of artificial intelligence (AI) across its product lineup. Medtronic is leveraging machine learning and automation in multiple areas, with the GI Genius intelligent endoscopy module standing out as a significant innovation. This AI-driven system enhances polyp detection, improving the accuracy and efficiency of colonoscopy procedures. The stock has delivered an over 18% return in 2025 so far, which places it on our list of the best performing stocks that pay dividends.

Medtronic plc (NYSE:MDT) currently pays a quarterly dividend of $0.70 per share and has a dividend yield of 2.96%, as of March 7. Its latest earnings report highlighted its strong financial standing. Over the first nine months of the fiscal year, the company generated more than $4.5 billion in operating cash flow and $3.1 billion in free cash flow. This solid cash position has enabled Medtronic to continue its long history of rewarding shareholders, with 47 consecutive years of dividend increases.