Medtronic (MDT) Dividend History & Yield
Medtronic (MDT) has increased its dividend for 13 consecutive years and currently yields 3.28%. The most recent payment was $0.7100/share on Mar 27, 2026, paid Quarterly.
MDT
Current Yield
3.28%
TTM Dividend/Share
$2.84
Payment Frequency
Quarterly
Payout Ratio
77.0%
Consecutive Growth Years
13
Div Growth (1Y CAGR)
1.43%
Div Growth (5Y CAGR)
4.42%
Div Growth (10Y CAGR)
6.95%
Dividend Safety Score
3 out of 5 checks passed
Payout ratio below 75%
Payout ratio is 77.0%, above the 75% threshold.
Free cash flow covers dividend
FCF/share ($4.03) covers dividend/share ($2.84).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
13 consecutive years of dividend growth.
Dividend Payment History
Yield values are for each row's ex-date, not today's live yield.
Ex-date Mar 27, 2026
- Payment date
- Apr 17, 2026
- Dividend
- $0.7100
- Adj. dividend
- $0.7100
- Yield (ex-date)
- 3.26%
Ex-date Dec 26, 2025
- Payment date
- Jan 16, 2026
- Dividend
- $0.7100
- Adj. dividend
- $0.7100
- Yield (ex-date)
- 2.93%
Ex-date Sep 26, 2025
- Payment date
- Oct 17, 2025
- Dividend
- $0.7100
- Adj. dividend
- $0.7100
- Yield (ex-date)
- 2.99%
Ex-date Jun 27, 2025
- Payment date
- Jul 11, 2025
- Dividend
- $0.7100
- Adj. dividend
- $0.7100
- Yield (ex-date)
- 3.27%
Ex-date Mar 28, 2025
- Payment date
- Apr 11, 2025
- Dividend
- $0.7000
- Adj. dividend
- $0.7000
- Yield (ex-date)
- 3.20%
Ex-date Dec 27, 2024
- Payment date
- Jan 10, 2025
- Dividend
- $0.7000
- Adj. dividend
- $0.7000
- Yield (ex-date)
- 3.46%
Ex-date Sep 27, 2024
- Payment date
- Oct 11, 2024
- Dividend
- $0.7000
- Adj. dividend
- $0.7000
- Yield (ex-date)
- 3.11%
Ex-date Jun 28, 2024
- Payment date
- Jul 12, 2024
- Dividend
- $0.7000
- Adj. dividend
- $0.7000
- Yield (ex-date)
- 3.52%
Ex-date Mar 21, 2024
- Payment date
- Apr 12, 2024
- Dividend
- $0.6900
- Adj. dividend
- $0.6900
- Yield (ex-date)
- 3.31%
Ex-date Dec 19, 2023
- Payment date
- Jan 12, 2024
- Dividend
- $0.6900
- Adj. dividend
- $0.6900
- Yield (ex-date)
- 3.35%
Ex-date Sep 21, 2023
- Payment date
- Oct 13, 2023
- Dividend
- $0.6900
- Adj. dividend
- $0.6900
- Yield (ex-date)
- 3.41%
Ex-date Jun 22, 2023
- Payment date
- Jul 14, 2023
- Dividend
- $0.6900
- Adj. dividend
- $0.6900
- Yield (ex-date)
- 3.12%
| Ex-Date | Payment Date | Dividend | Adj. Dividend | Yield (ex-date) |
|---|---|---|---|---|
| Mar 27, 2026 | Apr 17, 2026 | $0.7100 | $0.7100 | 3.26% |
| Dec 26, 2025 | Jan 16, 2026 | $0.7100 | $0.7100 | 2.93% |
| Sep 26, 2025 | Oct 17, 2025 | $0.7100 | $0.7100 | 2.99% |
| Jun 27, 2025 | Jul 11, 2025 | $0.7100 | $0.7100 | 3.27% |
| Mar 28, 2025 | Apr 11, 2025 | $0.7000 | $0.7000 | 3.20% |
| Dec 27, 2024 | Jan 10, 2025 | $0.7000 | $0.7000 | 3.46% |
| Sep 27, 2024 | Oct 11, 2024 | $0.7000 | $0.7000 | 3.11% |
| Jun 28, 2024 | Jul 12, 2024 | $0.7000 | $0.7000 | 3.52% |
| Mar 21, 2024 | Apr 12, 2024 | $0.6900 | $0.6900 | 3.31% |
| Dec 19, 2023 | Jan 12, 2024 | $0.6900 | $0.6900 | 3.35% |
| Sep 21, 2023 | Oct 13, 2023 | $0.6900 | $0.6900 | 3.41% |
| Jun 22, 2023 | Jul 14, 2023 | $0.6900 | $0.6900 | 3.12% |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Medtronic has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 13 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $2.8300 | — | — |
| 2025 | $2.7900 | $2.8300 | +1.4% |
| 2024 | $2.7500 | $2.7900 | +1.5% |
| 2023 | $2.6700 | $2.7500 | +3.0% |
| 2022 | $2.4700 | $2.6700 | +8.1% |
| 2021 | $2.2800 | $2.4700 | +8.3% |
| 2020 | $2.1200 | $2.2800 | +7.5% |
| 2019 | $1.9600 | $2.1200 | +8.2% |
| 2018 | $1.8100 | $1.9600 | +8.3% |
| 2017 | $1.6700 | $1.8100 | +8.4% |
| 2016 | $1.4450 | $1.6700 | +15.6% |
| 2015 | $1.1950 | $1.4450 | +20.9% |
| 2014 | $1.1000 | $1.1950 | +8.6% |
| 2013 | $1.2650 | $1.1000 | -13.0% |
| 2012 | $0.9350 | $1.2650 | +35.3% |
| 2011 | $0.8600 | $0.9350 | +8.7% |
| 2010 | $0.5980 | $0.8600 | +43.8% |
| 2009 | $0.8135 | $0.5980 | -26.5% |
| 2008 | $0.4700 | $0.8135 | +73.1% |
| 2007 | $0.4125 | $0.4700 | +13.9% |
| 2006 | $0.3600 | $0.4125 | +14.6% |
| 2005 | $0.2400 | $0.3600 | +50.0% |
| 2004 | $0.2810 | $0.2400 | -14.6% |
| 2003 | $0.3025 | $0.2810 | -7.1% |
| 2002 | $0.2150 | $0.3025 | +40.7% |
| 2001 | $0.1803 | $0.2150 | +19.2% |
| 2000 | $0.1450 | $0.1803 | +24.4% |
| 1999 | $0.1200 | $0.1450 | +20.8% |
| 1998 | $0.1025 | $0.1200 | +17.1% |
| 1997 | $0.0800 | $0.1025 | +28.1% |
| 1996 | $0.0452 | $0.0800 | +76.8% |
| 1995 | $0.0596 | $0.0452 | -24.0% |
| 1994 | $0.0388 | $0.0596 | +53.7% |
| 1993 | $0.0325 | $0.0388 | +19.2% |
| 1992 | $0.0286 | $0.0325 | +13.7% |
| 1991 | $0.0238 | $0.0286 | +20.4% |
| 1990 | $0.0203 | $0.0238 | +16.9% |
| 1989 | $0.0175 | $0.0203 | +16.1% |
| 1988 | $0.2733 | $0.0175 | -93.6% |
| 1987 | $0.0131 | $0.2733 | +1982.4% |
| 1986 | $0.0122 | $0.0131 | +7.7% |
| 1985 | $0.0116 | $0.0122 | +5.4% |
| 1984 | $0.0106 | $0.0116 | +8.8% |
| 1983 | $0.0094 | $0.0106 | +13.3% |
| 1982 | — | $0.0094 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
Does Medtronic pay dividends?
- Yes, Medtronic (MDT) pays quarterly dividends of approximately $2.84 per share annually, yielding 3.28%.
What is Medtronic's dividend yield?
- Medtronic (MDT) has a current dividend yield of 3.28%.
Is Medtronic's dividend safe?
- Medtronic (MDT) passes 3 out of 5 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Medtronic increased its dividend?
- Medtronic (MDT) has 13 consecutive years of dividend increases.
What is Medtronic's dividend payout ratio?
- Medtronic (MDT) has a dividend payout ratio of 77.0%.