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Medtronic announces cash dividend for second quarter of fiscal year 2024 The board of directors of Medtronic plc (NYSE:MDT) on Thursday, August 17, 2023, approved an increase in the company's cash dividend for the second...

Key Takeaway: Medtronic plc has announced an increase in its cash dividend for the second quarter of fiscal year 2024 to $0.69 per ordinary share, reflecting a year-over-year rise. This announcement aligns with previous dividend declarations made earlier in the year. Medtronic's long-standing history as a dividend aristocrat is emphasized, highlighting its commitment to consistent dividend payments over the past 46 years. The upcoming payment will be issued on October 13, 2023, to eligible shareholders.

Market Sentiment Analysis

POSITIVE FACTORS

  • Medtronic increased its cash dividend to $0.69 per share.
  • The company has a strong record of increasing dividend payments for 46 consecutive years.
  • This dividend declaration indicates solid financial performance and commitment to shareholders.

Full Press Release Details

DUBLIN , Aug. 17, 2023 /PRNewswire/ -- The board of directors of Medtronic plc (NYSE: MDT ) on Thursday, August 17, 2023, approved an increase in the company's cash dividend for the second quarter of fiscal year 2024 versus the prior year, raising the quarterly amount to $0 .69 per ordinary share. This quarterly declaration is consistent with the first quarter dividend announcement made by the company in May 2023. Medtronic is a constituent of the S&P 500 Dividend Aristocrats index, having increased its annual dividend payment for the past 46 consecutive years. The dividend is payable on October 13, 2023, to shareholders of record at the close of business on September 22, 2023.
About Medtronic Bold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Dublin, Ireland , is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people across more than 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. In everything we do, we are engineering the extraordinary. For more information on Medtronic (NYSE: MDT ), visit www.Medtronic.com and follow @Medtronic on Twitter and LinkedIn .
Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.
Contacts:
Erika Winkels Ryan Weispfenning
Public Relations Investor Relations
+1-763-526-8478 +1-763-505-4626
SOURCE Medtronic plc

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Frequently Asked Questions

What is the new dividend amount per share for Medtronic?

Medtronic has increased its quarterly cash dividend to $0.69 per share.

When is the dividend payable to shareholders?

The dividend will be payable on October 13, 2023.

How long has Medtronic been increasing its dividends?

Medtronic has raised its annual dividend payment for 46 consecutive years.

When is the record date for the dividend?

The record date to qualify for the dividend is September 22, 2023.

Where is Medtronic headquartered?

Medtronic is headquartered in Dublin, Ireland.

Last updated: Aug 17, 2023