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Data last updated: Jul 06, 2026
Snapshot (as of Jul 06, 2026): Medtronic plc (MDT) pays a $2.85 annual dividend ($0.72 quarterly), yielding 3.43% at $83.19/share. Next ex-dividend date 2026-06-26. 7 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.43%
Annual Dividend: $2.85 per share
Payout Ratio: 75.8%
Ex-Dividend Date: 2026-06-26
Dividend Frequency: quarterly
Sector: Healthcare
Years of Dividend History: 45
Medtronic plc dividend income comes from one of the world's largest medical device companies, spanning pacemakers, surgical robotics, insulin pumps, and spinal therapies. The current yield stands at 3.43%, with a trailing annual dividend rate of $2.85 per share paid quarterly. The next ex-dividend date is June 26, 2026. MDT's beta of 0.583 points to below-average price volatility, which suits income investors who prioritize steadiness over aggressive growth.
Medtronic plc pays out 75.8% of earnings as dividends, a payout ratio classified as high (above 75%). The company's broad portfolio, covering everything from cardiac rhythm management to continuous glucose monitoring systems, serves essential clinical needs across global healthcare systems, which supports recurring demand for its products. Medtronic plc dividend safety faces pressure from that elevated payout level, leaving limited room to absorb earnings weakness without affecting the dividend.
Medtronic plc dividend history shows a CAGR of 8.3% per year from 2010 to 2025. The per-share dividend grew from $0.86 to $2.83 over that period (2026 is a partial year and excluded from the rate 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 from a large, diversified medical device business. The current yield of 3.43% sits above the 5-year average of 3.25%, meaning the stock currently offers slightly more income than its own historical norm. The trade-off is a payout ratio of 75.8%, which is high and leaves less financial cushion than lower-ratio payers. What investors get is a yield classified as moderate (2-4%) with a long dividend history; what they accept is limited room for error on the earnings side.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2024-03-21 | $0.6900 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.4300 |
| 2025 | $2.8300 |
| 2024 | $2.7900 |
| 2023 | $2.7500 |
| 2022 | $2.6700 |
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