Stocks and Investing
Stocks and Investing
Thu, January 23, 2025
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Is Medtronic plc (MDT) the Best Halal Dividend Stock to Invest In Now?
- We recently compiled a list of the 10 Best Halal Dividend Stocks To Invest In. In this article, we are going to take a look at where Medtronic plc (NYSE:MDT) stands against the other halal dividend stocks.
The article from MSN Money discusses whether Medtronic PLC (MDT) is a suitable Halal dividend stock for investment. Medtronic, a global leader in medical technology, offers a dividend yield of 3.35% with a payout ratio of 89%, which might raise concerns about sustainability. The company's financial health is highlighted by its revenue growth of 5.6% over the last three years, though its earnings per share (EPS) growth has been negative at -5.7%. Medtronic's stock is considered fairly valued with a price-to-earnings (P/E) ratio of 26.5x, slightly above the industry average. From a Halal investment perspective, Medtronic's business activities are largely compliant with Islamic finance principles, focusing on healthcare which is generally permissible. However, investors should consider the company's debt levels and the sustainability of its dividends, alongside its alignment with Shariah compliance, before deciding if it's the best Halal dividend stock to invest in at this time.
Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/is-medtronic-plc-mdt-the-best-halal-dividend-stock-to-invest-in-now/ar-AA1xJQNd ]
Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/is-medtronic-plc-mdt-the-best-halal-dividend-stock-to-invest-in-now/ar-AA1xJQNd ]
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