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Medtronic announces cash dividend for third quarter of fiscal year 2024 The board of directors of Medtronic plc (NYSE:MDT) on Thursday, December 7, 2023, approved the company's cash dividend for the third quarter of...

Key Takeaway: Medtronic plc's board of directors has approved a cash dividend of $0.69 per ordinary share for the third quarter of fiscal year 2024. This decision follows a previously announced dividend increase in May 2023 and reinforces the company's status as a consistent performer in shareholder returns. Medtronic has a notable history as a Dividend Aristocrat, having raised its annual dividend for 46 consecutive years. The dividend will be payable on January 12, 2024, to shareholders recorded by December 20, 2023.

Market Sentiment Analysis

POSITIVE FACTORS

  • Medtronic has approved a cash dividend of $0.69 per ordinary share.
  • The company has a strong history of increasing dividends for 46 consecutive years.
  • The dividend declaration aligns with the earlier increase announcement in May 2023.

Full Press Release Details

DUBLIN , Dec. 7, 2023 /PRNewswire/ -- The board of directors of Medtronic plc (NYSE: MDT ) on Thursday, December 7, 2023, approved the company's cash dividend for the third quarter of fiscal year 2024 of $0 .69 per ordinary share. This quarterly declaration is consistent with the dividend increase 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 January 12, 2024 , to shareholders of record at the close of business on December 20, 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 Medtronic's recent dividend announcement?

Medtronic announced a cash dividend of $0.69 per share for Q3 of fiscal year 2024.

When will the dividend be paid to shareholders?

The dividend will be payable on January 12, 2024, to shareholders recorded by December 20, 2023.

How long has Medtronic been increasing dividends?

Medtronic has increased its dividends for 46 consecutive years.

Where is Medtronic headquartered?

Medtronic is headquartered in Dublin, Ireland.

What is Medtronic's mission?

Medtronic's mission is to alleviate pain, restore health, and extend life.

Last updated: Dec 7, 2023