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Becton Dickinson

Becton, Dickinson: Dividend Aristocrat That’s Down 20% In February

There are a lot of stocks to write about these days. We entered the year with the US stock market arguably overvalued and setting new highs. But the coronavirus has pummeled the market creating bargains in some stocks, such as Becton, Dickinson, which is down 20%. We may still have more down days, but I have always found it difficult to time the bottom. It is far better, in my opinion, to have some clear criteria and stick to it when making buy and sell decisions. This brings me to Becton, Dickinson and Company (BDX), which is a Dividend Aristocrat that is down about 20% in February alone. The stock is being impacted by not only the general downturn but also on a guidance cut after Q1 FY 2020 and issues with the Alaris Pump Module. But with that said, BDX is a Dividend Aristocrat having raised the dividend for 47 consecutive years. The stock will likely become a Dividend King. I consider the dividend safe. Furthermore, the company is a market leader in many of its businesses. Hence, despite the short-term challenges, I view the stock as a long-term buy.

Overview of Becton, Dickinson

BDX was founded in 1897 and largely was known for needles and syringes. In 2015, BDX acquired Care Fusion and in 2018, BDX acquired C. R. Bard. Today, the company is a global manufacturer and seller of medical supplies, devices, equipment, and diagnostic products. In fact, BDX is now the world’s largest manufacturer of medical surgical products including needles, syringes, and sharp disposal units. The company operates in three business segments: BD Medical, BD Life Sciences, and BD Interventional. BD Medical focuses on medication management, drug delivery, and infection prevention. BD Life Sciences focuses on infectious diseases and oncology. BD International focuses on vascular disease, renal disease, urological disease, hernias, and oncology…

Disclosure: I am long BDX.

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