Trailing Dividend / Share
$2.78
Medtronic plc (MDT) Dividend History
Income profile from 1982 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
3.5%
Payout Ratio
77.0%
Watch
Dividend Streak
44 years
MDT Dividend Income Check
Safety
77.0% payout ratio with watch safety profile.
Consistency
44 straight years of dividend increases.
Income Trend
Yield on cost is 2.4% and trend is rising.
MDT Dividend Scorecard
Yield & Income
Dividend Yield3.5%
Trailing DPS$2.78
FrequencySemi-Annual
Payments / 12M5
Payout Safety
Earnings Payout77.0%
Earnings SafetyWatch
FCF Payout66.0%
FCF SafetyAdequate
Piotroski F-Score6/9
Growth
Growth Streak44 years
3Y CAGR2.0%
5Y CAGR4.4%
Yield on Cost (5Y)2.4%
YOC Trendrising
Total Returns
Buyback Yield3.2%
Total Shareholder Yield6.7%
1Y Total Return-4.1%
5Y Total Return-24.5%
Div Contribution (5Y)11.1%
Estimated $10K growth (return + dividends):
5Y ago$7,54510Y ago$12,19620Y ago$22,573
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
MDT Income Growth Story
Dividend per share and yield on cost over time (45 years of payments)
MDT Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Medtronic plc distributes 77.0% of earnings as dividends (Watch). When measured against free cash flow—a stricter test—the payout ratio stands at 66.0%, rated "Adequate".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
MDT has raised its dividend for 44 consecutive years, with a 3-year CAGR of 2.0% and 5-year CAGR of 4.4%.
Total Shareholder Returns
Beyond cash dividends, MDT returns capital through share repurchases. The combined picture: 3.5% dividend yield, 3.2% buyback yield, 6.7% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 2.4% and is currently rising. The 5-year total return is -24.5%, with dividends contributing 11.1% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $12,196 today.
MDT Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$13.73
Avg/Payment$0.6865
Latest Change+1.4%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 26, 2026Latest | $0.7200 | ↑ +1.4% | 3.61% | Jul 17, 2026 |
| Mar 27, 2026 | $0.7100 | — | 3.26% | Apr 17, 2026 |
| Dec 26, 2025 | $0.7100 | — | 2.93% | Jan 16, 2026 |
| Sep 26, 2025 | $0.7100 | — | 2.99% | Oct 17, 2025 |
| Jun 27, 2025 | $0.7100 | ↑ +1.4% | 3.27% | Jul 11, 2025 |
| Mar 28, 2025 | $0.7000 | — | 3.20% | Apr 11, 2025 |
| Dec 27, 2024 | $0.7000 | — | 3.46% | Jan 10, 2025 |
| Sep 27, 2024 | $0.7000 | — | 3.11% | Oct 11, 2024 |
MDT Dividend vs Peers
Comparable companies in the same industry
#1 yield in peer group
Div Yield
3.5%
#1 of 5
Safety
Watch
77.0% payout
Streak
44Y
4.4% 5Y CAGR
Total Shareholder
6.7%
#1 of 5
ABT
SYK
ZBH
BDXMDT Annual Dividend History (1982–2026)
45 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.43 | — | 2 | — | — | — | 1.2% |
| 2025 | $2.83 | 1.4% | 4 | $3.61 | 78.4% | 1.28x | 2.4% |
| 2024 | $2.79 | 1.5% | 4 | $2.76 | 101.1% | 0.99x | 2.4% |
| 2023 | $2.75 | 3.0% | 4 | $2.82 | 97.5% | 1.03x | 2.4% |
| 2022 | $2.67 | 8.1% | 4 | $3.73 | 71.6% | 1.40x | 2.3% |
| 2021 | $2.47 | 8.3% | 4 | $2.66 | 92.9% | 1.08x | 2.1% |
| 2020 | $2.28 | 7.5% | 4 | $3.54 | 64.4% | 1.55x | 2.0% |
| 2019 | $2.12 | 8.2% | 4 | $3.41 | 62.2% | 1.61x | 1.8% |
| 2018 | $1.96 | 8.3% | 4 | $2.27 | 86.3% | 1.16x | 1.7% |
| 2017 | $1.81 | 8.4% | 4 | $2.89 | 62.6% | 1.60x | 1.6% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into MDT consensus models and risk factors.
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
44+ years return with dividends reinvested.
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DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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MDT — Frequently Asked Questions
Quick answers to the most common questions about buying MDT stock.
How much dividend does MDT pay per share?
Medtronic plc (MDT) pays a trailing 12-month dividend of $2.78 per share, with a current dividend yield of +3.5%. Payments are made Semi-Annual.
When is MDT's next ex-dividend date?
MDT's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. MDT typically pays dividends Semi-Annual.
Is MDT's dividend safe?
MDT's dividend safety is rated "Watch" based on an earnings payout ratio of +77.0% and FCF payout ratio of +66.0%. With 44 consecutive years of dividend growth, the track record supports sustainability.
Is MDT a Dividend Aristocrat?
Yes, Medtronic plc is classified as a Dividend Aristocrat with 44 consecutive years of dividend increases. The 5-year dividend CAGR is +4.4%, demonstrating modest dividend growth.
How often does MDT pay dividends?
Medtronic plc pays dividends Semi-Annual. The trailing 12-month total is $2.78 per share. Dividend data on this page covers 44+ years from 1982 to 2026.
How much would $10,000 invested in MDT grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in MDT five years ago would be worth approximately $7,545 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is MDT's yield on cost for long-term holders?
MDT's yield on cost — the current dividend divided by the original purchase price — is +2.4% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +3.5% market yield, thanks to consistent dividend growth.