Medtronic Announces Cash Dividend for Second Quarter of Fiscal Year 2021

Rhea-AI Summary

Medtronic plc (NYSE: MDT) announced a cash dividend of $0.58 per ordinary share for Q2 FY2021, marking a 7% increase from the prior year. This dividend reflects Medtronic's ongoing commitment to returning value to shareholders and continues its record as a member of the S&P 500 Dividend Aristocrats index, having raised dividends for 43 consecutive years. The dividend will be payable on October 16, 2020, to shareholders on record by the close of business on September 25, 2020.

Positive

• Dividend increased by 7% year-over-year.
• Continues to raise dividends for 43 consecutive years.
• Dividend is consistent with previous announcements.

Negative

• None.

DUBLIN, Aug. 24, 2020 (GLOBE NEWSWIRE) -- The board of directors of Medtronic plc (NYSE:MDT) on Friday, August 21, 2020, approved the fiscal year 2021 second quarter cash dividend of $0.58 per ordinary share, representing a 7 percent increase over the prior year. This quarterly declaration is consistent with the dividend announcement made by the company in June 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 October 16, 2020, to shareholders of record at the close of business on September 25, 2020.

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.

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Erika Winkels
Public Relations
+1-763-526-8478

Ryan Weispfenning
Investor Relations
+1-763-505-4626

FAQ

What is the dividend amount declared by Medtronic for Q2 FY2021?

Medtronic declared a dividend of $0.58 per ordinary share for Q2 FY2021.

When will the Medtronic dividend be paid?

The Medtronic dividend will be paid on October 16, 2020.

When is the record date for Medtronic's dividend?

The record date for Medtronic's dividend is September 25, 2020.

How long has Medtronic been increasing its dividends?

Medtronic has increased its dividends for 43 consecutive years.