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Data last updated: Oct 16, 2026
Snapshot (as of Oct 16, 2026): Medtronic plc (MDT) pays a $2.85 annual dividend ($0.72 quarterly), yielding 3.02% at $94.70/share. Next ex-dividend date 2026-09-25. 12 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.02%
Annual Dividend: $2.85 per share
Payout Ratio: 70.0%
Ex-Dividend Date: 2026-09-25
Dividend Frequency: quarterly
Sector: Healthcare
Years of Dividend History: 45
Medtronic plc dividend income comes from one of the largest medical device companies in the world, with products spanning implantable pacemakers, surgical robotics, insulin pumps, and continuous glucose monitoring systems. The current yield stands at 3.13%, with a trailing annual dividend rate of $2.85 per share paid quarterly. The next ex-dividend date is September 25, 2026. A beta of 0.574 means MDT stock moves well below the broader market, which suits income investors who prioritize low volatility over price appreciation.
Medtronic plc pays out 69.8% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level is supported by demand for the company's device-based therapies, which span cardiac rhythm management, spinal surgery, and diabetes care — categories where clinical need drives recurring purchasing across healthcare systems worldwide. Medtronic plc dividend safety faces its main pressure from that payout ratio itself: at nearly 70%, there is limited room to absorb an earnings decline without squeezing the dividend.
Medtronic plc dividend history shows a CAGR of 8.3% per year from 2010 to 2025. The per-share annual dividend grew from $0.86 to $2.83 over that period (2026 is a partial year and excluded from the growth calculation). The largest annual increase in the window was 35.3% in 2012, though the data also contains at least one year-over-year decline exceeding 5%, so growth has not been linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +2.0% | $2.67 (2022) | $2.83 (2025) |
| 5-Year | +4.4% | $2.28 (2020) | $2.83 (2025) |
| 10-Year | +7.0% | $1.45 (2015) | $2.83 (2025) |
MDT fits dividend investors who want a moderate yield with a long payment history and below-average market volatility. The current yield of 3.13% sits above the 5-year average of 2.97%, meaning income buyers get slightly more yield than the recent norm. The trade-off is a payout ratio of 69.8%, which leaves less cushion than lower-yielding peers typically carry. MDT stock delivers a moderate (2–4%) yield backed by a diversified medical device business, but the elevated payout ratio means dividend growth is likely to stay measured rather than aggressive. Seven consecutive years of increases show commitment to the dividend, not acceleration.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-25 | $0.7200 |
| 2026-06-26 | $0.7200 |
| 2026-03-27 | $0.7100 |
| 2025-12-26 | $0.7100 |
| 2025-09-26 | $0.7100 |
| 2025-06-27 | $0.7100 |
| 2025-03-28 | $0.7000 |
| 2024-12-27 | $0.7000 |
| 2024-09-27 | $0.7000 |
| 2024-06-28 | $0.7000 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.1500 |
| 2025 | $2.8300 |
| 2024 | $2.7900 |
| 2023 | $2.7500 |
| 2022 | $2.6700 |
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