Medtronic Announces Cash Dividend For Third Quarter Of Fiscal Year 2021

Medtronic plc (NYSE: MDT) announced a cash dividend of $0.58 per share for the third quarter of fiscal year 2021, approved by the board on December 11, 2020.

Rhea-AI Summary

Medtronic plc (NYSE: MDT) announced a cash dividend of $0.58 per share for the third quarter of fiscal year 2021, approved by the board on December 11, 2020. This follows the dividend announcement made in June 2020, and is consistent with Medtronic's history as a member of the S&P 500 Dividend Aristocrats index, having raised its annual dividend for 43 consecutive years. The dividend will be payable on January 15, 2021, to shareholders of record as of December 22, 2020.

Positive

• Dividend increased to $0.58 per share, reflecting commitment to returning value to shareholders.
• 43 consecutive years of increasing annual dividends, highlighting stability and strong cash flow.

Negative

• None.

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DUBLIN, Dec. 14, 2020 /PRNewswire/ -- The board of directors of Medtronic plc (NYSE: MDT) on Friday, December 11, 2020, approved the fiscal year 2021 third quarter cash dividend of $0.58 per ordinary share. This quarterly declaration is consistent with the dividend announcement made by the company in June 2020. Medtronic is a constituent of the S&P 500 Dividend Aristocrats index, having increased its annual dividend payment for the past 43 consecutive years. The dividend is payable on January 15, 2021, to shareholders of record at the close of business on December 22, 2020.

About Medtronic
Medtronic plc (www.medtronic.com), headquartered in Dublin, Ireland, is among the world's largest medical technology, services and solutions companies – alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 90,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together.

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

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What is the new dividend amount for Medtronic (MDT) for Q3 FY2021?

Medtronic (NYSE: MDT) has declared a cash dividend of $0.58 per share for the third quarter of fiscal year 2021.

When will Medtronic (MDT) pay its Q3 FY2021 dividend?

The dividend will be payable on January 15, 2021, to shareholders of record on December 22, 2020.

How many years has Medtronic (MDT) increased its dividends?

Medtronic has increased its annual dividend for 43 consecutive years.

Is Medtronic (MDT) a Dividend Aristocrat?

Yes, Medtronic is a member of the S&P 500 Dividend Aristocrats index.