Better Dividend Stock: Abbott Laboratories or Medtronic?
Dividend stocks tend to outperform other asset classes during economically challenging times. The dividend powerhouses Abbott Laboratories (NYSE: ABT) and Medtronic (NYSE: MDT) apparently didn't get this memo, however. Despite both companies raising their dividends for over four straight decades, Abbott and Medtronic's shares actually sank faster than the broader markets over the course of 2022.