Medtronic Announces Cash Dividend for Fourth Quarter of Fiscal Year 2021

Rhea-AI Summary

Medtronic plc (NYSE: MDT) announced a cash dividend of $0.58 per ordinary share for Q4 FY 2021, a 7.4% increase from the previous year, reflecting its commitment to returning value to shareholders. This dividend is payable on April 16, 2021, to shareholders on record by March 26, 2021. Medtronic continues to be a part of the S&P 500 Dividend Aristocrats index, having increased its annual dividends for 43 consecutive years. The announcement aligns with prior communications made in May 2020.

Positive

• Dividend increased by 7.4% to $0.58 per share.
• 43 consecutive years of annual dividend increases.
• Dividend consistent with previous announcements.

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• None.

DUBLIN, March 8, 2021 /PRNewswire/ -- The board of directors of Medtronic plc (NYSE: MDT) on Friday, March 5, 2021, approved the fiscal year 2021 fourth quarter cash dividend of $0.58 per ordinary share, representing a 7.4 percent increase over the prior year. This quarterly declaration is consistent with the dividend announcement made by the company in May 2020.  Medtronic is a constituent of the S&P 500 Dividend Aristocrats index, having increased its annual dividend payment for the past 43 consecutive years. The dividend is payable on April 16, 2021, to shareholders of record at the close of business on March 26, 2021.

About Medtronic
Medtronic plc (www.medtronic.com), headquartered in Dublin, Ireland, is among the world's largest medical technology, services and solutions companies – alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 90,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together.

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 dividend amount announced by Medtronic on March 5, 2021?

Medtronic announced a cash dividend of $0.58 per ordinary share.

When will the Medtronic dividend be paid?

The dividend will be paid on April 16, 2021.

What percentage increase does the March 2021 dividend represent compared to the previous year?

The dividend represents a 7.4% increase over the prior year.

How long has Medtronic increased its annual dividends?

Medtronic has increased its annual dividends for 43 consecutive years.