Medtronic (MDT) Dividend Yield, Date & History

$87.51

+2.13 (+2.49%)

(As of 08/21/2024 ET)

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Dividend Yield: 3.20%
Annual Dividend: $2.80
Dividend Increase Track Record: 48 Years
Annualized 3-Year Dividend Growth: 6.45%
Dividend Payout Ratio: 101.82%
Next Dividend Payment: Oct. 11

MDT Dividend Payments

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MDT Dividend Yield Over Time

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Medtronic vs. The Competition

Type	Medtronic	Medical Companies	NYSE Companies
Annual Dividend	$2.80	$5.99	$1.39
Dividend Yield	3.20%	278.89%	352.33%
Annualized 3-Year Dividend Growth	6.45%	16.06%	15.61%
Track Record	48 years	21 years	23 years

Medtronic Dividend Payout Ratio

Type	Payout Ratio
Based on Trailing 12 Months of Earnings	101.82%
Based on This Year's Estimates	51.47%
Based on Next Year's Estimates	47.95%
Based on Cashflow	35.74%

Medtronic Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
8/15/2024	Quarterly	$0.70	3.31%	9/27/2024	9/27/2024	10/11/2024
5/22/2024	quarterly	$0.70	3.26%	6/28/2024	6/28/2024	7/12/2024
3/7/2024	quarterly	$0.69	3.24%	3/21/2024	3/22/2024	4/12/2024
12/7/2023	quarterly	$0.69	3.47%	12/19/2023	12/20/2023	1/12/2024
8/17/2023	quarterly	$0.69	3.38%	9/21/2023	9/22/2023	10/13/2023
5/24/2023	quarterly	$0.69	3.15%	6/22/2023	6/23/2023	7/14/2023
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3/2/2023	quarterly	$0.68	3.31%	3/23/2023	3/24/2023	4/14/2023
12/8/2022	quarterly	$0.68	3.5%	12/20/2022	12/21/2022	1/13/2023
8/18/2022	quarterly	$0.68	2.86%	9/22/2022	9/23/2022	10/14/2022
5/25/2022	Quarterly	$0.68	2.75%	6/23/2022	6/24/2022	7/15/2022
3/4/2022	quarterly	$0.63	2.34%	3/24/2022	3/25/2022	4/22/2022
12/10/2021	quarterly	$0.63	2.23%	12/21/2021	12/22/2021	1/14/2022
8/23/2021	quarterly	$0.63	1.94%	9/23/2021	9/24/2021	10/15/2021
5/27/2021	quarterly	$0.63	2%	6/24/2021	6/25/2021	7/16/2021
3/8/2021	quarterly	$0.58	1.96%	3/25/2021	3/26/2021	4/16/2021
12/14/2020	quarterly	$0.58	2.06%	12/18/2020	12/22/2020	1/15/2021
8/25/2020	quarterly	$0.58	2.3%	9/24/2020	9/25/2020	10/16/2020
5/21/2020	quarterly	$0.58	2.37%	6/25/2020	6/26/2020	7/17/2020
3/10/2020	quarterly	$0.54	2.2%	3/26/2020	3/27/2020	4/17/2020
12/9/2019	quarterly	$0.54	1.9%	12/26/2019	12/27/2019	1/17/2020
8/23/2019	Quarterly	$0.54	2.02%	9/26/2019	9/27/2019	10/18/2019
6/21/2019	Quarterly	$0.54	2.18%	7/5/2019	7/8/2019	7/25/2019
3/11/2019	quarterly	$0.50	2.17%	3/21/2019	3/22/2019	4/12/2019
12/7/2018	Quarterly	$0.50	2.09%	12/27/2018	12/28/2018	1/18/2019
8/24/2018	Quarterly	$0.50	2.09%	9/27/2018	9/28/2018	10/19/2018
6/22/2018	Quarterly	$0.50	2.3%	7/5/2018	7/6/2018	7/25/2018
3/9/2018	Quarterly	$0.46	2.2%	3/22/2018	3/23/2018	4/13/2018
12/8/2017	Quarterly	$0.46		12/28/2017	12/29/2017	1/19/2018
8/28/2017	Quarterly	$0.46	2.31%	9/28/2017	9/29/2017	10/20/2017
6/23/2017	Quarterly	$0.46	2.07%	7/5/2017	7/7/2017	7/26/2017
3/10/2017	Quarterly	$0.43	2.08%	3/22/2017	3/24/2017	4/13/2017
12/9/2016	quarterly	$0.43	2.33%	12/21/2016	12/23/2016	1/13/2017
8/22/2016	Quarterly	$0.43	1.98%	9/27/2016	9/29/2016	10/21/2016
6/24/2016	quarterly	$0.43	1.85%	7/6/2016	7/8/2016	7/27/2016
2/22/2016	quarterly	$0.38	1.98%	3/22/2016	3/24/2016	4/15/2016
12/11/2015	quarterly	$0.38	1.96%	12/22/2015	12/24/2015	1/15/2016
8/21/2015	quarterly	$0.38	2.18%	9/23/2015	9/25/2015	10/16/2015
6/19/2015	quarterly	$0.38	1.97%	6/25/2015	6/29/2015	7/17/2015
2/20/2015	quarterly	$0.3050	1.55%	3/26/2015	3/30/2015	4/17/2015
12/4/2014		$0.3050		12/30/2014	1/2/2015	1/16/2015
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12/5/2014	quarterly	$0.3050	1.63%	12/30/2014	1/2/2015	1/6/2015
8/21/2014	quarterly	$0.3050	1.92%	10/1/2014	10/3/2014	10/24/2014
6/16/2014	quarterly	$0.3050	1.98%	7/1/2014	7/3/2014	7/25/2014
2/14/2014	quarterly	$0.28	1.97%	4/2/2014	4/4/2014	4/25/2014
12/5/2013	quarterly	$0.28	1.93%	12/31/2013	1/3/2014	1/24/2014
8/22/2013	quarterly	$0.28	2.12%	10/2/2013	10/4/2013	10/25/2013
6/21/2013	quarterly	$0.28	2.13%	7/2/2013	7/5/2013	7/26/2013
2/15/2013	quarterly	$0.26	2.21%	4/3/2013	4/5/2013	4/26/2013
12/9/2012	quarterly	$0.26	2.44%	12/13/2012	12/17/2012	12/28/2012

(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 3.20%. 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 is Medtronic's next dividend payment?: Medtronic's next quarterly dividend payment of $0.70 per share will be made to shareholders on Friday, October 11, 2024.
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, July 12, 2024.
When is Medtronic's ex-dividend date?: Medtronic's next ex-dividend date is Friday, September 27, 2024.
When was Medtronic's most recent ex-dividend date?: Medtronic's most recent ex-dividend date was Friday, June 28, 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:
101.82% based on the trailing year of earnings

51.47% based on this year's estimates

47.95% based on next year's estimates

35.74% based on cash flow
Is Medtronic a good dividend stock?: Medtronic's dividend yield of 3.35% is higher 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 101.82% may not be sustainable. However, based on earnings estimates, MDT will have a more sustainable dividend payout ratio of 47.95% next year.