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

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.