Opened a new position in Medtronics (MDT)

Medtronics ($MDT)

    Yesterday I have opened a new position in Medtronics ($MDT). It is a dividend aristocrat, raising dividends for the last 45 years. They are down 32% from 52 weeks high with a PE ratio of 14. The payout ratio is only 23%. 

The company is a $109 billion dollar medical device company. It's a buy for me for longer term.

I have purchased 15 shares at $77.57. Each share gives $2.72 annually in dividends and I will receive $30 yearly in dividends from this purchase.

    Its 5 year CAGR is 8% which is pretty good and because of its low payout ratio there are plenty of rooms to increase the dividends in the future.