Medtronic Raises Dividend by 1.4%, Extending Royal Payout Run

Published: 2025-05-21 07:18:07 ET MDT

Published on 05/21/2025 at 07:18

By Colin Kellaher

Medtronic's board has bumped up its quarterly dividend by a penny, to 71 cents, marking the 48th straight year that the medical-technology company has boosted its payout.

The new dividend, equal to $2.84 a year, represents an annual yield of about 3.29% based on Tuesday's closing price of $86.37, up from 3.24%.

The 1.4% dividend increase maintains Medtronic's spot in the S&P 500 Dividend Aristocrats Index, whose 69 members have paid a higher dividend for at least 25 straight years.

The increase also keeps Medtronic's place on the smaller list of dividend kings--those who have boosted their dividends annually for at least a half century. That group currently counts 55 members, according to website Sure Dividend.

The Dublin-based company on Wednesday said the increased dividend is payable July 11 to shareholders of record June 27.

Write to Colin Kellaher at [email protected]

(END) Dow Jones Newswires

05-21-25 0717ET