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Medtronic Inc (NYSE:MDT)
Dividend Payout Ratio
0.63 (As of Apr. 2014)

Medtronic Inc's dividend payout ratio for the three months ended in Apr. 2014 was 0.63.

MDT' s 10-Year Dividend Payout Ratio Range
Min: 0.14   Max: 0.41
Current: 0.37

0.14
0.41

During the past 13 years, the highest Dividend Payout Ratio of Medtronic Inc was 0.41. The lowest was 0.14. And the median was 0.23.

MDT's Dividend Payout Ratiois ranked higher than
96% of the 411 Companies
in the Global Medical Devices industry.

( Industry Median: 9999.00 vs. MDT: 0.37 )

As of Today, the Dividend Yield of Medtronic Inc is 1.82%.

Warning Sign:

Medtronic Inc stock dividend yield is close to 5-year low.

During the past 13 years, the highest Dividend Yield of Medtronic Inc was 2.93%. The lowest was 0.50%. And the median was 1.79%.

Medtronic Inc's Dividends Per Share for the three months ended in Apr. 2014 was $0.28.

During the past 12 months, Medtronic Inc's average Dividends Per Share Growth Rate was 7.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 7.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 15.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Medtronic Inc was 28.40% per year. The lowest was 7.60% per year. And the median was 16.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Definition

Dividend payout ratio measures the percentage of the company’s earnings paid out as dividends.

Medtronic Inc's Dividend Payout Ratio for the fiscal year that ended in Apr. 2014 is calculated as

Dividend Payout Ratio=Dividends Per Share (A: Apr. 2014 )/Earnings per Share (A: Apr. 2014 )
=1.12/3.02
=0.37

Medtronic Inc's Dividend Payout Ratio for the quarter that ended in Apr. 2014 is calculated as

Dividend Payout Ratio=Dividends Per Share (Q: Apr. 2014 )/Earnings per Share (Q: Apr. 2014 )
=0.28/0.443
=0.63

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.


Related Terms

Net Income, Dividends Per Share, Earnings per Share, Dividend Yield, 3-Year Dividends Growth Rate, 5-Year Dividends Growth Rate


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Medtronic Inc Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
payout 0.230.180.180.260.410.290.320.280.310.37

Medtronic Inc Quarterly Data

Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14
payout 0.280.260.310.410.270.280.300.320.370.63
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