Top 5 Dividend Champions of 2021 (Part I)

23. Becton Dickinson and Co (NYSE: BDX)

Dividend Yield: 1.31%

Becton Dickinson is an important dividend champion of 2021. The New Jersey-based company makes medical supplies, medical technology devices, laboratory equipment and diagnostic products. For the fiscal first quarter, the company’s revenue jumped 25% to reach $5.32 billion, driven by COVID-19 testing. For FY21, the company expects its revenue to grow in the range of 12% to 14%.

Hedge funds are also loading up on BDX. At the end of the third quarter, 62 elite funds tracked by Insider Monkey were long BDX, up from 53 funds a quarter earlier.

In an investor letter, Brown Advisory mentioned Becton Dickinson & Co (NYSE:BDX). Here is what Brown Advisory stated:

“Medical products supplier Becton, Dickinson & Co. issued a mandatory convertible preferred security during the quarter. We acquired a small position after finding the features of the newly issued security attractive, particularly the 6% annual coupon.”