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Medtronic (MDT) Dividend Yield, Date & History

Medtronic logo
$81.03 +1.04 (+1.30%)
(As of 12/20/2024 05:45 PM ET)

Medtronic Dividend Summary

Dividend Yield
3.46%
Annual Dividend
$2.80
Next
Dividend Payment
Jan. 10
Dividend Increase
Track Record
48 Years
Annualized 3-Year
Dividend Growth
6.45%
Dividend Payout Ratio
85.63%

Medtronic (MDT) pays an annual dividend of $2.80 per share, with a dividend yield of 3.46%. The next quarterly payment of $0.70 per share is scheduled for Friday, January 10, to investors who own the stock before the ex-dividend date of Friday, December 27. MDT has grown its dividend for 48 consecutive years, with an average annual increase of 2.11%. The company currently pays out 85.63% of its earnings and 39.77% of its cash flow as dividends.

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MDT Dividend Payments by Quarter

The chart below displays up to four years of Medtronic's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

MDT Dividend Yield Over Time

The chart below tracks Medtronic's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Medtronic vs. The Competition

Compare Medtronic's annual dividend, yield, and 3-year growth rate with averages for Medical and NYSE companies to evaluate its performance against the market.

TypeMedtronicMedical CompaniesNYSE Companies
Annual Dividend$2.80$0.06$1.39
Dividend Yield3.46%4.87%3.58%
Annualized 3-Year Dividend Growth6.45%16.19%15.78%
Track Record48 years23 years24 years

Medtronic Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings85.63%
Based on This Year's Estimate51.38%
Based on Next Year's Estimate47.78%
Based on Cashflow39.77%

Medtronic Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
12/5/2024quarterly$0.70 - 3.33%12/27/202412/27/20241/10/2025
8/15/2024Quarterly$0.70 - 3.31%9/27/20249/27/202410/11/2024
5/22/2024quarterly$0.70+$0.01
1.45%
3.26%6/28/20246/28/20247/12/2024
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3/7/2024quarterly$0.69 - 3.24%3/21/20243/22/20244/12/2024
12/7/2023quarterly$0.69 - 3.47%12/19/202312/20/20231/12/2024
8/17/2023quarterly$0.69 - 3.38%9/21/20239/22/202310/13/2023
5/24/2023quarterly$0.69+$0.01
1.47%
3.15%6/22/20236/23/20237/14/2023
3/2/2023quarterly$0.68 - 3.31%3/23/20233/24/20234/14/2023

This table shows Medtronic's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Medtronic Dividend - Frequently Asked Questions

The current dividend yield for Medtronic is 3.46%. Learn more on MDT's dividend yield history.

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

Medtronic pays quarterly dividends to shareholders.

Medtronic's next quarterly dividend payment of $0.70 per share will be made to shareholders on Friday, January 10, 2025.

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

Medtronic's next ex-dividend date is Friday, December 27, 2024.

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

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

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

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

The dividend payout ratio for MDT is:
  • 85.63% based on the trailing year of earnings
  • 51.38% based on this year's estimates
  • 47.78% based on next year's estimates
  • 39.77% based on cash flow

Medtronic's dividend yield of 3.44% 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.

Looking at the stock as a whole, market analysts rate Medtronic stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time.


This page (NYSE:MDT) was last updated on 12/21/2024 by MarketBeat.com Staff
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