Medtronic Marks 39th Consecutive Year of Dividend Increases
Medtronic is raising its quarterly dividend by 13 percent to $0.43 a share.
Medtronic (MDT) - Get Report is raising its quarterly dividend by 13 percent to $0.43 a share. The Dublin-based medical technology company said that the increase marks the 39th consecutive year of dividend increases and that the dividend has nearly quadrupled over the past decade. Medtronic's dividend payout ratio is now 40 percent of earnings, inching closer to its goal of 50 percent. The dividend is payable on July 27 to shareholders of record as of July 8.
