Recent Updates
Recently added Catalysts
MDT Positive Sentiment

Medtronic Announces Cash Dividend for Second Quarter of Fiscal Year 2021

Key Takeaway: Medtronic plc has announced a cash dividend of $0.58 per share for the second quarter of fiscal year 2021, marking a 7% increase from the previous year. This dividend is part of the company's ongoing commitment to shareholder returns and aligns with its previous announcements. The payment is scheduled for October 16, 2020, to shareholders on record by September 25, 2020.

Market Sentiment Analysis

POSITIVE FACTORS

  • Medtronic increased its cash dividend by 7% over the prior year.
  • The company has a strong history of dividend payments, increasing for 43 consecutive years.
  • The dividend reflects Medtronic's commitment to returning value to shareholders.

Full Press Release Details

DUBLIN, Aug. 24, 2020 (GLOBE NEWSWIRE) --The board of directors of Medtronic plc (NYSE:MDT) on Friday, August 21, 2020, approved the fiscal year 2021 second quarter cash dividend of $0.58 per ordinary share, representing a 7 percent increase over the prior year. This quarterly declaration is consistent with the dividend announcement made by the company in June 2020. Medtronic is a constituent of the S&P 500 Dividend Aristocrats index, having increased its annual dividend payment for the past 43 consecutive years. The dividend is payable on October 16, 2020, to shareholders of record at the close of business on September 25, 2020.
About MedtronicMedtronic plc (www.medtronic.com), headquartered in Dublin, Ireland, is among the world’s largest medical technology, services and solutions companies – alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 90,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together.
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.
-end-

Frequently Asked Questions

What is the amount of the cash dividend announced by Medtronic?

Medtronic announced a cash dividend of $0.58 per ordinary share.

When is the dividend payable to shareholders?

The dividend is payable on October 16, 2020.

How much has Medtronic increased its dividend this year?

Medtronic increased its dividend by 7% compared to the prior year.

How long has Medtronic been increasing its dividends?

Medtronic has increased its annual dividend payment for 43 consecutive years.

Last updated: Aug 24, 2020