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MDT
MDT|Healthcare|Medical Devices|$86.58|P/E 24.6|MCap 113.3B|NYSE

Last update: Mar 25, 2026 at 04:53

About Medtronic plc

Medtronic plc is a global leader in medical technology, developing and manufacturing devices and therapies that address over 70 health conditions. The company operates across four main portfolios: Cardiovascular, which includes cardiac ablation solutions, rhythm management, surgery, coronary and renal denervation, mechanical circulatory support, peripheral vascular health, structural heart and aortic products; Diabetes, offering therapies and services for insulin-dependent individuals with Type 1 and Type 2 diabetes; Medical Surgical, encompassing surgical endoscopy and acute care and monitoring; and Restorative Therapies, covering cranial and spinal technologies, neuromodulation, neurovascular, pelvic health, gastric therapies, and ear, nose, and throat solutions. Medtronic plc produces innovative products such as implantable pacemakers, cardioverter-defibrillators, spinal cord stimulators, insulin pumps, and remote monitoring systems, serving patients in hospitals, homes, and surgical settings worldwide. Founded in 1949 and legally headquartered in Dublin, Ireland, with operational headquarters in Minneapolis, Minnesota, it focuses on advancing healthcare through minimally invasive therapies, disease management, and patient monitoring technologies in more than 150 countries.

Dividend Overview

Dividend Yield

3.21%

Annual Dividend

$2.83

Frequency

Quarterly

Payout Ratio

79.05%

FCF Payout Ratio

67.06%

Stock Price

$86.58

52-Week Range

$79.55 $106.33

Dividend Health Score

75/ 100Safe

MDT's dividend appears safe and well-supported. Strengths include a 8.7x interest coverage & 28.7% net debt / total assets. As a Dividend Aristocrat with 25+ consecutive years of increases, MDT has a proven commitment to shareholders.

Based on 15 of 15 metrics

Payout & Coverage

Caution
Earnings Payout Ratio
79.0%Caution
FCF Payout Ratio
67.1%Caution
CFO Payout Ratio
53.5%Caution
Interest Coverage
8.7xSafe

Balance Sheet

Safe
Net Debt / Total Assets
28.7%Safe
Current Ratio
2.5xVery Safe
Debt-to-Equity
57.1Safe

Profitability

Safe
Return on Equity
9.4%Caution
Operating Margin
20.0%Safe
Gross Margin
63.8%Very Safe
Profit Margin Stability
StableSafe

Dividend Track Record

Very Safe
Dividend Streak
Aristocrat (25+ yrs)Very Safe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
4.4%Caution
Earnings Stability
GrowingVery Safe

Dividend History (2016–2025)

MDT annual dividend per share and yield history

Earnings & Profitability

MDT earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

March 27, 2026

Next Payment Date

April 17, 2026

Dividend Growth

3-Year Dividend CAGR

1.96%

5-Year Dividend CAGR

4.42%

10-Year Dividend CAGR

6.95%

3-Year Total Growth

5.99%

5-Year Total Growth

24.12%

10-Year Total Growth

95.85%

Dividend Aristocrat (25+ yrs)

This company has increased its dividend for 25+ consecutive years.

Income Calculator

MDT Dividend Calculator

Total Investment

$8,658.00

Annual Income

$283.00

Quarterly Income

$70.75

Monthly Income

$23.58

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Frequently Asked Questions

What is MDT's current dividend yield?
Medtronic plc (MDT) currently has a dividend yield of 3.21%, based on a stock price of $86.58 and an annual dividend of $2.83.
When is MDT's next dividend payment date?
MDT's next ex-dividend date is 2026-03-27 and the next payment date is 2026-04-17. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does MDT pay in dividends per year?
Medtronic plc paid $2.83 per share in annual dividends in 2025. The dividends are paid quarterly.
Has MDT been increasing its dividend?
Yes, Medtronic plc is a Dividend Aristocrat (25+ yrs). Its dividend has grown at a 5-year CAGR of 4.42%, a 3-year CAGR of 1.96% and a 10-year CAGR of 6.95%.
Is MDT's dividend safe?
Medtronic plc has a payout ratio of 79.05%. Its free cash flow payout ratio is 67.06%. The payout ratio is moderate. Monitor earnings to ensure sustainability.
How is MDT's Dividend Health Score calculated?
The Dividend Health Score evaluates Medtronic plc's dividend sustainability across four categories: Payout & Coverage (40%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (20%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for healthcare companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Health Score, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.