Medtronic plc (MDT) Dividend Analysis
Comprehensive dividend yield, safety, growth, and income analysis for MDT.
Medtronic plc (MDT) pays a solid 3.16% dividend yield, or $2.88 per share annually at a stock price of $91.27. 43 consecutive years of dividend increases — qualifying as a Dividend Aristocrat (25+ years). The payout ratio of 76% is moderate. The dividend is currently covered by earnings but leaves less room for growth. Earnings cover the dividend 1.3x. Dividend growth is slowing — the 3-year CAGR of 1.4% trails the 5-year rate of 3.8% and the 10-year rate of 6.1%. The most recent ex-dividend date was June 26, 2026.
Dividend Overview
Medtronic plc (MDT) pays a solid 3.16% dividend yield, or $2.88 per share annually at a stock price of $91.27. MDT has increased its dividend for 43 consecutive years.
Dividend Safety
The payout ratio of 76% is moderate. The dividend is currently covered by earnings but leaves less room for growth.
DRIP Projection
$10,000 invested in MDT with dividends reinvested would grow to approximately $14,445 after 10 years, generating roughly $659/year in dividend income. This projection assumes the current 3.16% yield and a 3.8% annual dividend growth rate with all dividends reinvested.
| Year | Portfolio Value | Annual Income | Total Return |
|---|---|---|---|
| Year 1 | $10,316 | $338 | +3% |
| Year 5 | $11,821 | $449 | +18% |
| Year 10 | $14,445 | $659 | +44% |
| Year 15 | $18,366 | $1,008 | +84% |
| Year 20 | $24,482 | $1,616 | +145% |
Assumes constant share price and reinvestment at current price. Actual results will vary. Try our DRIP Calculator for a customized projection with real historical data.
Payment Schedule
You must own shares before the ex-dividend date to receive the upcoming payment. Payment typically arrives 2-4 weeks after the ex-date.
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