ResMed

ResMed is a medical device company focused on treating sleep apnea and respiratory conditions, best known for its CPAP machines and masks, backed by a growing software business that manages patients and connected devices. Recurring sales of masks and supplies, plus a large installed base, give it durable, high-margin revenue in a market with long-term demographic tailwinds. ResMed has increased its dividend for well over a decade, supported by steady cash generation from its consumables and device sales. The yield is low because the shares carry a growth premium and the company reinvests heavily in research and software, so the appeal is a reliably rising payout attached to a structurally growing healthcare business rather than high current income.