Buy Medtronic Stock. Shares of the Dividend Aristocrat Look Attractive.

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This article is an excerpt from “Here Are Barron’s 10 Top Stocks for the New Year,” published on Dec. 16, 2023. To see the full list, click here

Medtronic  (ticker: MDT) is a dividend aristocrat, with 45 straight years of payout increases. But shares in the company, a top maker of medical devices, haven’t been regal performers. Its stock, at around $78, is off 24% in 2022 and is in the red over the past five years. 

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