Medtronic Announces Cash Dividend for Second Quarter of Fiscal Year 2022

Rhea-AI Summary

On August 20, 2021, Medtronic plc (NYSE: MDT) announced a cash dividend of $0.63 per ordinary share for Q2 of fiscal year 2022, reflecting a 9% increase from the previous year. This marks the company's 44th consecutive year of dividend increases, solidifying its status as a constituent of the S&P 500 Dividend Aristocrats index. The dividend is set to be paid on October 15, 2021, to shareholders recorded by September 24, 2021.

Positive

• Dividend increased by 9% year-over-year.
• 44 consecutive years of dividend increases.
• Consistent with previous dividend announcements.

Negative

• None.

DUBLIN, Aug. 23, 2021 /PRNewswire/ -- The board of directors of Medtronic plc (NYSE: MDT) on Friday, August 20, 2021, approved the fiscal year 2022 second quarter cash dividend of $0.63 per ordinary share, representing a 9 percent increase over the prior year. This quarterly declaration is consistent with the dividend announcement made by the company in May 2021. Medtronic is a constituent of the S&P 500 Dividend Aristocrats index, having increased its annual dividend payment for the past 44 consecutive years. The dividend is payable on October 15, 2021, to shareholders of record at the close of business on September 24, 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 Medtronic announced for Q2 of fiscal year 2022?

Medtronic announced a cash dividend of $0.63 per ordinary share.

When will Medtronic's Q2 fiscal year 2022 dividend be paid?

The dividend will be paid on October 15, 2021.

How much has Medtronic increased its dividend compared to last year?

Medtronic has increased its dividend by 9% compared to the previous year.

What significant milestone has Medtronic achieved regarding dividends?

Medtronic has achieved 44 consecutive years of increasing its dividend.

When is the record date for Medtronic's dividend payment?

The record date for the dividend payment is September 24, 2021.