Medtronic (BSP:MDTC34) Dividend Payout Ratio : 0.40 (As of Jan. 2024)

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What is Medtronic Dividend Payout Ratio?

Medtronic's dividend payout ratio for the months ended in Jan. 2024 was 0.40.

The historical rank and industry rank for Medtronic's Dividend Payout Ratio or its related term are showing as below:

BSP:MDTC34' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.29 Med: 0.38 Max: 0.52
Current: 0.45

During the past 13 years, the highest Dividend Payout Ratio of Medtronic was 0.52. The lowest was 0.29. And the median was 0.38.

BSP:MDTC34's Dividend Payout Ratio is ranked worse than
65% of 280 companies
in the Medical Devices & Instruments industry
Industry Median: 0.4 vs BSP:MDTC34: 0.45

As of today (2024-04-25), the Dividend Yield % of Medtronic is 2.68%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Medtronic was 3.93%. The lowest was 1.52%. And the median was 2.02%.

Medtronic's Dividends per Share for the months ended in Jan. 2024 was R$1.29.

During the past 12 months, Medtronic's average Dividends Per Share Growth Rate was 3.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 8.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 10.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Medtronic was 46.80% 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.

Medtronic Dividend Payout Ratio Historical Data

The historical data trend for Medtronic's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Medtronic Dividend Payout Ratio Chart

Medtronic Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Dividend Payout Ratio

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0.28

0.48

0.52

0.47

0.51

Medtronic Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.51	0.42	0.57	0.42	0.40

Competitive Comparison of Medtronic's Dividend Payout Ratio

For the Medical Devices subindustry, Medtronic's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Medtronic's Dividend Payout Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Medtronic's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Medtronic's Dividend Payout Ratio falls into.

Medtronic Dividend Payout Ratio Calculation

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

Medtronic's Dividend Payout Ratio for the fiscal year that ended in Apr. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Apr. 2023 )	/	EPS without NRI (A: Apr. 2023 )
	=	6.743	/	13.282
	=	0.51

Medtronic's Dividend Payout Ratio for the quarter that ended in Jan. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jan. 2024 )	/	EPS without NRI (Q: Jan. 2024 )
	=	1.286	/	3.197
	=	0.40

Medtronic (BSP:MDTC34) Dividend Payout Ratio 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.

Medtronic Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Medtronic's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Medtronic (BSP:MDTC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Medtronic PLC (BSP:MDTC34) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

MDT:USA MDTN:Mexico 1MDT:Italy 2M6:Germany MDT:Austria MDT:Argentina

Address

Lower Hatch Street, 20 On Hatch, Dublin, IRL, 2

Website

https://www.medtronic.com

One of the largest medical-device companies, Medtronic develops and manufactures therapeutic medical devices for chronic diseases. Its portfolio includes pacemakers, defibrillators, heart valves, stents, insulin pumps, spinal fixation devices, neurovascular products, advanced energy, and surgical tools. The company markets its products to healthcare institutions and physicians in the United States and overseas. Foreign sales account for roughly 50% of the company's total sales.

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