Medtronic (MDT) Raises Quarterly Dividend 13.2% to $0.43; 2% Yield

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Go back to Medtronic (MDT) Raises Quarterly Dividend 13.2% to $0.43; 2% Yield

Medtronic Announces Double-Digit Increase in Cash Dividend; Reaches 40 Percent Payout Ratio

June 24, 2016 6:46 AM EDT

DUBLIN - June 24, 2016 - The board of directors of Medtronic plc (NYSE: MDT) today approved a 13 percent increase in its quarterly cash dividend, raising the quarterly amount to $0.43 per ordinary share. This would translate into an annual amount of $1.72 per ordinary share. Today's announcement marks the 39th consecutive year of an increase in the dividend payment for Medtronic, a constituent of the S&P 500 Dividend Aristocrats index. Including today's increase,... More