MDT Dividend History & Analysis | 3.1% Yield

MDT has a dividend yield of 3.1% and paid 3.54 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 3.12%
Payout Ratio 50.7%
Growth Rate CAGR 5y 3.46%
Consistency Lifetime 94.8%
Yield on Cost 5y 3.45%
Payout FCF 67.1%
Streak Years 44
Dividend Rating 64.57%
Ex-Dividend in 10 days: Buy before Mar 27, 2026 to receive the next dividend.

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: -3.7%
Total Return 5y: -15.1%

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
PHIA 26,996 M 3.87% 4.67%
SNN 14,025 M 2.48% 3.60%
ABT 187,722 M 1.89% 2.81%
EL 169,636 M 1.62% 3.06%
LMAT 2,461 M 1.17% 1.90%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
EL 169,636 M 38.3% 97.9%
GEHC 33,110 M 24.7% 100%
LMAT 2,461 M 16.1% 100%
ALC 40,311 M 12.2% 99.6%
DHR 132,461 M 11.1% 90.8%

Quality Dividend Peers in Health Care Equipment

LMAT
LeMaitre Vascular
 1.17% Yield

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

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2026-03-27 2026-03-27 2026-04-17 0.71 0% N/A
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

MDT Dividend FAQ

Medtronic plc (NYSE: MDT) is a global leader in device-based medical therapies, operating across four main portfolios: Cardiovascular, Neuroscience, Medical Surgical, and Diabetes. The company designs and sells a broad array of products-from implantable cardiac devices and aortic valves to spinal cord stimulators, robotic-assisted surgical tools, and continuous glucose monitoring systems-serving hospitals, physicians, and patients worldwide.

What is the Dividend Yield of MDT?

As of March 2026, MDT`s dividend yield is 3.12%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 3.54 USD by the current share price of 87.14.

Does MDT pay a dividend?

As of March 2026, MDT paid a dividend of 3.54 USD in the last 12 months. The last dividend was paid on 2026-03-27 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 5 dividend payments. The last dividend payment was made on 2026-03-27.

MDT dividend forecast

Based on historical data, the forecasted dividends per share for MDT for the next 4 payments are between 0.451 (-36.5%) and 0.848 (+19.4%).
This indicates a moderate dividend reduction 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 2026-03-27. The next Ex-Dividend date for Medtronic (MDT) is 2026-03-27.

What is the next Ex-Dividend Date for MDT?

The next Ex-Dividend date for Medtronic (MDT) is 2026-03-27.

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 3.45%. If you bought MDT's shares at 102.60 USD five years ago, your current annual dividend income (3.54 USD per share, trailing 12 months) equals 3.45% of your original purchase price.

What is the Payout Consistency of MDT?

MDT Payout Consistency is 94.8%. 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 50.7%. 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 64.57%. 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 increased by approximately 0.05% annually over the past 3 years (Trend Reliability: 100.0%).

Neutral: Share count is relatively stable with minor dilution. This has minimal impact on dividend per share calculations.

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%
2026 1,288,200,000 +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: 2026-03-14 03:32