Becton, Dickinson (BDX 1.42%) is a selection for the real-money Inflation-Protected Income Growth portfolio. In this brief video, portfolio manager Chuck Saletta offers two-and-a-half reasons he's holding on to Becton, Dickinson's stock despite its 31% increase since he bought those shares in January 2013.

Summary:

  • No. 1: Solid balance sheet with a debt-to-equity ratio around 0.8, which suggests the company should have little trouble rolling over its debt in the near future.
  • No. 2: Healthy, well-covered dividend with recent growth and room to continue growing as the company does.
  • And the half-reason: It's market capitalization isn't too far ahead of the iPIG portfolio's fair-value estimate.

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