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Medtronic (MDT) Dividend Yield, Date & History

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$86.21 +1.47 (+1.73%)
(As of 11/22/2024 ET)

Dividend Summary

Dividend Yield
3.25%
Annual Dividend
$2.80
Dividend Increase
Track Record
48 Years
Annualized 3-Year
Dividend Growth
6.45%
Dividend Payout Ratio
85.63%
Recent
Dividend Payment
Oct. 11
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Medtronic vs. The Competition

TypeMedtronicMedical CompaniesNYSE Companies
Annual Dividend$2.80$6.20$1.54
Dividend Yield3.25%553.28%347.61%
Annualized 3-Year Dividend Growth6.45%16.19%15.71%
Track Record48 years23 years24 years

Medtronic Dividend Payout Ratio

TypePayout Ratio
Based on Trailing 12 Months of Earnings85.63%
Based on This Year's Estimates51.28%
Based on Next Year's Estimates47.78%
Based on Cashflow38.20%

Medtronic Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/15/2024Quarterly$0.703.31%9/27/20249/27/202410/11/2024
5/22/2024quarterly$0.703.26%6/28/20246/28/20247/12/2024
3/7/2024quarterly$0.693.24%3/21/20243/22/20244/12/2024
12/7/2023quarterly$0.693.47%12/19/202312/20/20231/12/2024
8/17/2023quarterly$0.693.38%9/21/20239/22/202310/13/2023
5/24/2023quarterly$0.693.15%6/22/20236/23/20237/14/2023
3/2/2023quarterly$0.683.31%3/23/20233/24/20234/14/2023
12/8/2022quarterly$0.683.5%12/20/202212/21/20221/13/2023
8/18/2022quarterly$0.682.86%9/22/20229/23/202210/14/2022
5/25/2022Quarterly$0.682.75%6/23/20226/24/20227/15/2022
3/4/2022quarterly$0.632.34%3/24/20223/25/20224/22/2022
12/10/2021quarterly$0.632.23%12/21/202112/22/20211/14/2022
8/23/2021quarterly$0.631.94%9/23/20219/24/202110/15/2021
5/27/2021quarterly$0.632%6/24/20216/25/20217/16/2021
3/8/2021quarterly$0.581.96%3/25/20213/26/20214/16/2021
12/14/2020quarterly$0.582.06%12/18/202012/22/20201/15/2021
8/25/2020quarterly$0.582.3%9/24/20209/25/202010/16/2020
5/21/2020quarterly$0.582.37%6/25/20206/26/20207/17/2020
3/10/2020quarterly$0.542.2%3/26/20203/27/20204/17/2020
12/9/2019quarterly$0.541.9%12/26/201912/27/20191/17/2020
8/23/2019Quarterly$0.542.02%9/26/20199/27/201910/18/2019
6/21/2019Quarterly$0.542.18%7/5/20197/8/20197/25/2019
3/11/2019quarterly$0.502.17%3/21/20193/22/20194/12/2019
12/7/2018Quarterly$0.502.09%12/27/201812/28/20181/18/2019
8/24/2018Quarterly$0.502.09%9/27/20189/28/201810/19/2018
6/22/2018Quarterly$0.502.3%7/5/20187/6/20187/25/2018
3/9/2018Quarterly$0.462.2%3/22/20183/23/20184/13/2018
12/8/2017Quarterly$0.4612/28/201712/29/20171/19/2018
8/28/2017Quarterly$0.462.31%9/28/20179/29/201710/20/2017
6/23/2017Quarterly$0.462.07%7/5/20177/7/20177/26/2017
3/10/2017Quarterly$0.432.08%3/22/20173/24/20174/13/2017
12/9/2016quarterly$0.432.33%12/21/201612/23/20161/13/2017
8/22/2016Quarterly$0.431.98%9/27/20169/29/201610/21/2016
6/24/2016quarterly$0.431.85%7/6/20167/8/20167/27/2016
2/22/2016quarterly$0.381.98%3/22/20163/24/20164/15/2016
12/11/2015quarterly$0.381.96%12/22/201512/24/20151/15/2016
8/21/2015quarterly$0.382.18%9/23/20159/25/201510/16/2015
6/19/2015quarterly$0.381.97%6/25/20156/29/20157/17/2015
2/20/2015quarterly$0.30501.55%3/26/20153/30/20154/17/2015
12/4/2014$0.305012/30/20141/2/20151/16/2015
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12/5/2014quarterly$0.30501.63%12/30/20141/2/20151/6/2015
8/21/2014quarterly$0.30501.92%10/1/201410/3/201410/24/2014
6/16/2014quarterly$0.30501.98%7/1/20147/3/20147/25/2014
2/14/2014quarterly$0.281.97%4/2/20144/4/20144/25/2014
12/5/2013quarterly$0.281.93%12/31/20131/3/20141/24/2014
8/22/2013quarterly$0.282.12%10/2/201310/4/201310/25/2013
6/21/2013quarterly$0.282.13%7/2/20137/5/20137/26/2013
2/15/2013quarterly$0.262.21%4/3/20134/5/20134/26/2013
12/9/2012quarterly$0.262.44%12/13/201212/17/201212/28/2012
(Data available from 1/1/2013 forward)

Medtronic Dividend - Frequently Asked Questions

What is Medtronic's dividend yield?

The current dividend yield for Medtronic is 3.25%. Learn more on MDT's dividend yield history.

How much is Medtronic's annual dividend?

The annual dividend for MDT shares is $2.80. Learn more on MDT's annual dividend history.

How often does Medtronic pay dividends?

Medtronic pays quarterly dividends to shareholders.

When was Medtronic's most recent dividend payment?

Medtronic's most recent quarterly dividend payment of $0.70 per share was made to shareholders on Friday, October 11, 2024.

When was Medtronic's most recent ex-dividend date?

Medtronic's most recent ex-dividend date was Friday, September 27, 2024.

Is Medtronic's dividend growing?

Over the past three years, the company's dividend has grown by an average of 6.45% per year.

What track record does Medtronic have of raising its dividend?

Medtronic has increased its dividend for the past 48 consecutive years.

When did Medtronic last increase or decrease its dividend?

The most recent change in the company's dividend was an increase of $0.01 on Wednesday, May 22, 2024.

What is Medtronic's dividend payout ratio?
The dividend payout ratio for MDT is:
  • 85.63% based on the trailing year of earnings
  • 51.28% based on this year's estimates
  • 47.78% based on next year's estimates
  • 38.20% based on cash flow
Is Medtronic a good dividend stock?

Medtronic's dividend yield of 3.30% is lower than the average Medical company that issues a dividend. The company's 48 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Medtronic's dividend payout ratio of 85.63% may not be sustainable. However, based on earnings estimates, MDT will have a more sustainable dividend payout ratio of 47.78% next year.


This page (NYSE:MDT) was last updated on 11/24/2024 by MarketBeat.com Staff
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