Medtronic announces cash dividend for third quarter of fiscal year 2023

Rhea-AI Summary

Medtronic plc (NYSE:MDT) announced an 8% increase in its fiscal year 2023 third quarter cash dividend, now at $0.68 per ordinary share. This dividend, payable on January 13, 2023, to shareholders of record by December 21, 2022, maintains the company's commitment to returning value to shareholders. Medtronic has a long history as a member of the S&P 500 Dividend Aristocrats index, having increased its annual dividend for 45 consecutive years. The announcement aligns with the company's earlier plans communicated in May 2022.

Positive

• Dividend increased by 8% to $0.68 per share.
• Maintains status as a Dividend Aristocrat with 45 years of consecutive increases.

Negative

• None.

News Market Reaction – MDT

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In the trading session that priced this news, MDT gained 1.03%, reflecting a mild positive market reaction.

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DUBLIN, Dec. 8, 2022 /PRNewswire/ -- The board of directors of Medtronic plc (NYSE:MDT) on Thursday, December 8, 2022, approved the fiscal year 2023 third quarter cash dividend of $0.68 per ordinary share, representing an 8% increase over the prior year. This quarterly declaration is consistent with the dividend announcement made by the company in May 2022. Medtronic is a constituent of the S&P 500 Dividend Aristocrats index, having increased its annual dividend payment for the past 45 consecutive years. The dividend is payable on January 13, 2023, to shareholders of record at the close of business on December 21, 2022.

About Medtronic
Bold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Dublin, Ireland, is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 90,000+ passionate people across more than 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. In everything we do, we are engineering the extraordinary. For more information on Medtronic (NYSE:MDT), visit www.Medtronic.com and follow @Medtronic on Twitter and LinkedIn.

Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.

Contacts:
Erika Winkels	Ryan Weispfenning
Public Relations	Investor Relations
+1-763-526-8478	+1-763-505-4626

 

 

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SOURCE Medtronic plc

FAQ

When will Medtronic pay its third quarter dividend for fiscal year 2023?

Medtronic will pay its third quarter dividend of $0.68 on January 13, 2023.

What is the amount of Medtronic's third quarter dividend for fiscal year 2023?

The third quarter dividend for fiscal year 2023 is $0.68 per ordinary share.

What is Medtronic's dividend history?

Medtronic has increased its annual dividend payment for 45 consecutive years.

What is the record date for Medtronic's third quarter dividend?

The record date for Medtronic's third quarter dividend is December 21, 2022.