MDT Dividend History & Analysis | 3.2% Yield

MDT has a dividend yield of 3.2% and paid 2.85 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 3.21%
Payout Ratio 51.5%
Growth Rate CAGR 5y 2.1%
Consistency Lifetime 100%
Yield on Cost 5y 2.6%
Payout FCF 67.1%
Streak Years 5
Dividend Rating 56%
Dividends Cash Amount per Share Yearly This chart shows the yearly cash amount paid as dividends per share.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis) and average yield as orange dashed line.
■ Payout Yield (right) ■ Price (left) ┅┅ Avg Payout Yield

Top Dividend Payers in Health Care Equipment

Top 5 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
EL 88,574 M 2.33% 2.88%
IRMD 1,219 M 1.39% 4.59%
ABT 162,407 M 2.04% 2.27%
LMAT 2,108 M 0.92% 1.58%
SYK 121,184 M 1.02% 1.38%
Top 5 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
LMAT 2,108 M 17.02% 100.0%
DHR 126,670 M 13.87% 100.0%
STE 21,019 M 10.10% 100.0%
STMN 21,160 M 9.96% 100.0%
ALC 33,364 M 10.07% 100.0%
Quality Dividend Peers in Health Care Equipment STMN Straumann Holding
1.10% Yield
MDT Dividend History: Last 20 Payments (USD) as of July 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-06-26 2026-06-26 2026-07-17 Quarterly 0.72 +1.4% 0.902%
2026-03-27 2026-03-27 2026-04-17 Quarterly 0.71 0% 0.813%
2025-12-26 2025-12-26 2026-01-16 Quarterly 0.71 0% 0.734%
2025-09-26 2025-09-26 2025-10-17 Quarterly 0.71 0% 0.757%
2025-06-27 2025-06-27 2025-07-11 Quarterly 0.71 +1.4% 0.83%
2025-03-28 2025-03-28 2025-04-11 Quarterly 0.7 0% 0.797%
2024-12-27 2024-12-27 2025-01-10 Quarterly 0.7 0% 0.869%
2024-09-27 2024-09-27 2024-10-11 Quarterly 0.7 0% 0.783%
2024-06-28 2024-06-28 2024-07-12 Quarterly 0.7 +1.4% 0.889%
2024-03-21 2024-03-22 2024-04-12 Quarterly 0.69 0% 0.826%
2023-12-19 2023-12-20 2024-01-12 Quarterly 0.69 0% 0.84%
2023-09-21 2023-09-22 2023-10-13 Quarterly 0.69 0% 0.856%
2023-06-22 2023-06-23 2023-07-14 Quarterly 0.69 +1.5% 0.784%
2023-03-23 2023-03-24 2023-04-14 Quarterly 0.68 0% 0.855%
2022-12-20 2022-12-21 2023-01-13 Quarterly 0.68 0% 0.889%
2022-09-22 2022-09-23 2022-10-14 Quarterly 0.68 0% 0.804%
2022-06-23 2022-06-24 2022-07-15 Quarterly 0.68 +7.9% 0.769%
2022-03-24 2022-03-25 2022-04-22 Quarterly 0.63 0% 0.593%
2021-12-21 2021-12-22 2022-01-14 Quarterly 0.63 0% 0.63%
2021-09-23 2021-09-24 2021-10-15 Quarterly 0.63 0% 0.49%

MDT Dividend FAQ

What is the Dividend Yield of MDT?

As of July 2026, MDT's dividend yield is 3.21%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 2.85 USD by the current share price of 78.23.

Does MDT pay a dividend?

As of July 2026, MDT paid a dividend of 2.85 USD in the last 12 months. The last dividend was paid on 2026-06-26 and the payout was 0.72 USD.

How often does MDT pay dividends?

MDT pays dividends quarterly. Over the last 12 months, MDT has issued 4 dividend payments. The last dividend payment was made on 2026-06-26.

MDT dividend forecast

Based on historical data, the forecasted dividends per share for MDT for the next payments are between 0.72 (+0.0%) and 0.726 (+0.8%). This suggests the dividend will remain relatively stable. The expected Yield for the next 12 months is about 3.70%.

Will MDT pay dividends in 2026?

The latest dividend paid per share was 0.72 USD with an Ex-Dividend Date of 2026-06-26. The next Ex-Dividend date for Medtronic (MDT) is currently unknown.

What is the next Ex-Dividend Date for MDT?

The next Ex-Dividend date for Medtronic (MDT) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of MDT?

MDT's average dividend growth rate over the past 5 years is 2.11% per year. Weak growth: MDT's dividend growth is lower than inflation.

What is the Yield on Cost of MDT?

MDT's 5-Year Yield on Cost is 2.63%. If you bought MDT's shares at 108.44 USD five years ago, your current annual dividend income (2.85 USD per share, trailing 12 months) equals 2.63% of your original purchase price.

What is the Payout Consistency of MDT?

MDT Payout Consistency is 100.0%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Very consistent: Medtronic has a strong track record of consistent dividend payments over its lifetime.

Does MDT have a good Dividend Yield?

MDT's 3.21% Dividend Yield is considered as moderate. This is usually a sign of a value company.

What is the Dividend Payout Ratio of MDT?

The Dividend Payout Ratio of MDT is 51.5%. Healthy - Leaves room for growth and provides some protection to maintain dividends even in a recession.

What is the Dividend Rating of MDT?

MDT's Overall Dividend Rating is 56.00%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

MDT Outstanding Shares Analysis
The Chart shows the outstanding shares over time per year.
What is the Trend in MDT's Outstanding Shares?

Medtronic's outstanding shares have decreased by approximately 1.47% annually over the past 3 years (Trend Reliability: -24.4%). Slightly positive: The company is modestly reducing its share count through buybacks. This provides a small tailwind to earnings per share and dividend sustainability.

Has MDT ever had a Stock Split?

Yes, the last stock split was on Sep 27, 1999 with a ratio of 2:1. This was a forward split: Each share became 2 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
1985 966,400,000 0%
1986 908,704,000 -5.97%
1987 900,928,000 -0.86%
1988 852,544,000 -5.37%
1989 873,333,000 +2.44%
1990 717,500,000 -17.84%
1991 770,000,000 +7.32%
1992 860,000,000 +11.69%
1993 802,857,000 -6.64%
1994 871,250,000 +8.52%
1995 871,667,000 +0.05%
1996 986,923,000 +13.22%
1997 966,000,000 -2.12%
1998 1,170,000,000 +21.12%
1999 1,219,500,000 +4.23%
2000 1,225,600,000 +0.5%
2001 1,222,600,000 -0.24%
2002 1,223,800,000 +0.1%
2003 1,227,600,000 +0.31%
2004 1,221,400,000 -0.51%
2005 1,222,500,000 +0.09%
2006 1,159,400,000 -5.16%
2007 1,147,700,000 -1.01%
2008 1,130,700,000 -1.48%
2009 1,109,200,000 -1.9%
2010 1,083,700,000 -2.3%
2011 1,063,100,000 -1.9%
2012 1,027,800,000 -3.32%
2013 1,009,400,000 -1.79%
2014 993,000,000 -1.62%
2015 1,428,800,000 +43.89%
2016 1,392,500,000 -2.54%
2017 1,365,800,000 -1.92%
2018 1,360,900,000 -0.36%
2019 1,351,400,000 -0.7%
2020 1,352,100,000 +0.05%
2021 1,355,300,000 +0.24%
2022 1,332,000,000 -1.72%
2023 1,331,900,000 -0.01%
2024 1,286,900,000 -3.38%
2025 1,287,500,000 +0.05%
2026 1,288,100,000 +0.05%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-06-27 02:58 UTC