Steris

Steris provides sterilization, infection prevention and surgical products and services, largely to hospitals, medical device makers and pharmaceutical companies. Its offerings sit in essential parts of the healthcare supply chain, giving it recurring demand and steady growth that is relatively insulated from economic cycles. Steris has raised its dividend for more than two decades, supported by dependable cash flow from its consumables and services model. The yield is low, as management channels much of its cash into reinvestment and acquisitions and the shares trade at a healthy multiple. It is a reliable dividend grower where the attraction is consistency rather than current yield.