Medtronic Announces Cash Dividend for Fourth Quarter of Fiscal Year 2023

Rhea-AI Summary

Medtronic plc (NYSE: MDT) announced an 8% increase in its fourth quarter fiscal year 2023 cash dividend, raising it to $0.68 per ordinary share. The dividend, consistent with prior announcements, underscores Medtronic's status as a member of the S&P 500 Dividend Aristocrats, having increased its annual dividend for 45 consecutive years. The payment will occur on April 14, 2023, to shareholders of record as of March 24, 2023. Medtronic, headquartered in Dublin, Ireland, is a leader in healthcare technology, addressing significant health challenges with innovative solutions.

Positive

• 8% increase in quarterly cash dividend to $0.68.
• Consistent with previous dividend announcement.
• 45 years of consecutive annual dividend increases.

Negative

• None.

DUBLIN, March 2, 2023 /PRNewswire/ -- The board of directors of Medtronic plc (NYSE:MDT) on Thursday, March 2, 2023, approved the fiscal year 2023 fourth quarter cash dividend of $0.68 per ordinary share, representing an 8% increase over the prior year. This quarterly declaration is consistent with the dividend announcement made by the company in May 2022. Medtronic is a constituent of the S&P 500 Dividend Aristocrats index, having increased its annual dividend payment for the past 45 consecutive years. The dividend is payable on April 14, 2023, to shareholders of record at the close of business on March 24, 2023.

About Medtronic
Bold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Dublin, Ireland, is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 90,000+ passionate people across more than 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. In everything we do, we are engineering the extraordinary. For more information on Medtronic (NYSE:MDT), visit www.Medtronic.com and follow @Medtronic on Twitter and LinkedIn.

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.

Contacts:
Erika Winkels	Ryan Weispfenning
Public Relations	Investor Relations
+1-763-526-8478	+1-763-505-4626

 

 

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SOURCE Medtronic plc

FAQ

What is the latest dividend declared by Medtronic (MDT)?

Medtronic (MDT) declared a cash dividend of $0.68 per ordinary share for the fourth quarter of fiscal year 2023.

When will Medtronic's dividend be paid?

The dividend will be paid on April 14, 2023, to shareholders of record as of March 24, 2023.

How long has Medtronic been increasing its dividends?

Medtronic has increased its annual dividend payment for 45 consecutive years.

What was the percentage increase in Medtronic's dividend for the fourth quarter of FY 2023?

The dividend for the fourth quarter of FY 2023 increased by 8% from the previous year.