MDT Dividend History & Analysis | 3.1% Yield

MDT has a dividend yield of 3.1% and paid 2.83 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 3.12%
Payout Ratio 50.3%
Growth Rate CAGR 5y 3.46%
Consistency Lifetime 97.7%
Yield on Cost 5y 2.78%
Payout FCF 69.4%
Streak Years 44
Dividend Rating 63.90%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
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.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: 17.6%
Total Return 5y: 1.2%

Top Dividend Payers in Health Care Equipment

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
IRMD 1,262 M 1.60% 5.34%
SHL 56,065 M 1.69% 4.30%
BDX 58,077 M 2.15% 2.28%
EL 175,591 M 1.62% 3.32%
ABT 184,645 M 1.89% 2.12%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
DRW3 1,496 M 80.8% 78.5%
EL 175,591 M 38.3% 97.9%
GEHC 36,055 M 24.7% 100%
LMAT 1,928 M 16.1% 100%
ALC 39,930 M 12.2% 99.6%

MDT Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-12-26 2025-12-26 2026-01-16 Quarterly 0.71 0% 0.73%
2025-09-26 2025-09-26 2025-10-17 Quarterly 0.71 0% 0.76%
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% 0.8%
2024-12-27 2024-12-27 2025-01-10 Quarterly 0.7 0% 0.87%
2024-09-27 2024-09-27 2024-10-11 Quarterly 0.7 0% 0.78%
2024-06-28 2024-06-28 2024-07-12 Quarterly 0.7 1.4% 0.89%
2024-03-21 2024-03-22 2024-04-12 Quarterly 0.69 0% 0.83%
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% 0.86%
2023-06-22 2023-06-23 2023-07-14 Quarterly 0.69 1.5% 0.78%
2023-03-23 2023-03-24 2023-04-14 Quarterly 0.68 0% 0.86%
2022-12-20 2022-12-21 2023-01-13 Quarterly 0.68 0% 0.89%
2022-09-22 2022-09-23 2022-10-14 Quarterly 0.68 0% 0.8%
2022-06-23 2022-06-24 2022-07-15 Quarterly 0.68 7.9% 0.77%
2022-03-24 2022-03-25 2022-04-22 Quarterly 0.63 0% 0.59%
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%
2021-06-24 2021-06-25 2021-07-16 Quarterly 0.63 8.6% 0.5%
2021-03-25 2021-03-26 2021-04-16 Quarterly 0.58 0% 0.5%
2020-12-21 2020-12-22 2021-01-15 Quarterly 0.58 0% N/A
2020-09-24 2020-09-25 2020-10-16 Quarterly 0.58 0% N/A
2020-06-25 2020-06-26 2020-07-17 Quarterly 0.58 7.4% N/A
2020-03-26 2020-03-27 2020-04-17 Quarterly 0.54 0% N/A
2019-12-26 2019-12-27 2020-01-17 Quarterly 0.54 0% N/A
2019-09-26 2019-09-27 2019-10-18 Quarterly 0.54 0% N/A
2019-07-05 2019-07-08 2019-07-25 Quarterly 0.54 8% N/A
2019-03-21 2019-03-22 2019-04-12 Quarterly 0.5 0% N/A
2018-12-27 2018-12-28 2019-01-18 Quarterly 0.5 0% N/A
2018-09-27 2018-09-28 2018-10-19 Quarterly 0.5 0% N/A
2018-07-05 2018-07-06 2018-07-25 Quarterly 0.5 8.7% N/A
2018-03-22 2018-03-23 2018-04-13 Quarterly 0.46 0% N/A
2017-12-28 2017-12-29 2018-01-19 Quarterly 0.46 0% N/A
2017-09-28 2017-09-29 2017-10-20 Quarterly 0.46 0% N/A
2017-07-05 2017-07-07 2017-07-26 Quarterly 0.46 7% N/A
2017-03-22 2017-03-24 2017-04-13 Quarterly 0.43 0% N/A
2016-12-21 2016-12-23 2017-01-13 Quarterly 0.43 0% N/A
2016-09-27 2016-09-29 2016-10-21 Quarterly 0.43 0% N/A
2016-07-06 2016-07-08 2016-07-27 Quarterly 0.43 13.2% N/A
2016-03-22 2016-03-24 2016-04-15 Quarterly 0.38 0% N/A
2015-12-22 2015-12-24 2016-01-15 Quarterly 0.38 0% N/A
2015-09-23 2015-09-25 2015-10-16 Quarterly 0.38 0% N/A
2015-06-25 2015-06-29 2015-07-17 Quarterly 0.38 24.6% N/A
2015-03-26 2015-03-30 2015-04-17 Quarterly 0.305 0% N/A
2014-12-30 2015-01-02 2015-01-06 Quarterly 0.305 0% N/A
2014-10-01 2014-10-03 2014-10-24 Quarterly 0.305 0% N/A
2014-07-01 2014-07-03 2014-07-25 Quarterly 0.305 8.9% N/A
2014-04-02 2014-04-04 2014-04-25 Quarterly 0.28 0% N/A
2013-12-31 2014-01-03 2014-01-24 Quarterly 0.28 0% N/A
2013-10-02 2013-10-04 2013-10-25 Quarterly 0.28 0% N/A

MDT Dividend FAQ

Medtronic plc (NYSE:MDT) designs, manufactures, and markets a broad range of device-based therapies across five main portfolios: Cardiovascular, Neuroscience, Medical Surgical, Diabetes, and a growing suite of digital health solutions. Its products span implantable cardiac devices, aortic and transcatheter valves, spinal and brain stimulation systems, robotic-assisted surgical tools, insulin pumps, and continuous glucose monitors, serving hospitals, physicians, and patients worldwide, with the United States accounting for roughly 60% of total sales.

What is the Dividend Yield of MDT?

As of February 2026, MDT`s dividend yield is 3.12%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 2.83 USD by the current share price of 103.18.

Does MDT pay a dividend?

As of February 2026, MDT paid a dividend of 2.83 USD in the last 12 months. The last dividend was paid on 2025-12-26 and the payout was 0.71 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 2025-12-26.

MDT dividend forecast

Based on historical data, the forecasted dividends per share for MDT for the next 4 payments are between 0.74 (+4.2%) and 0.778 (+9.6%).
This indicates a solid dividend increase compared to the last payment.

Will MDT pay dividends in 2026?

The latest dividend paid per share was 0.71 USD with an Ex-Dividend Date of 2025-12-26. 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 3.46% per year.
Strong growth: MDT's Dividend growth is outpacing inflation.

What is the Yield on Cost of MDT?

MDT's 5-Year Yield on Cost is 2.78%. If you bought MDT's shares at 101.95 USD five years ago, your current annual dividend income (2.83 USD per share, trailing 12 months) equals 2.78% of your original purchase price.

What is the Payout Consistency of MDT?

MDT Payout Consistency is 97.7%. 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 3.12% 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 50.3%. 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 63.90%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

MDT Outstanding Shares Analysis

What is the Trend in MDT's Outstanding Shares?

Medtronic's outstanding shares have decreased by approximately 1.68% annually over the past 3 years (Trend Reliability: -33.3%).

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
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%

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: 2026-01-30 14:21