Becton Dickinson Identified as Strong Dividend Growth Stock

Becton Dickinson is identified as a strong dividend growth stock for July 2026, supported by a business model where recurring consumables, such as syringes and catheters, generate 90% of its revenue. The company has increased its dividend payout annually for 54 years, currently reporting a dividend yield of 2.7%.

Financial performance over the last five years shows an average annual dividend growth rate of 10.5%. When including share buybacks, the company's total yield reaches 8.3%.

Valuation metrics suggest the stock is attractively priced. The company currently holds a forward price-to-earnings ratio of 12 and a price-to-sales ratio of 2.2, both of which are below their respective five-year averages.