Medtronic (XSWX:MDT) Dividend Payout Ratio: 0.46 (As of Apr. 2026) — Near Median


XSWX:MDT Medtronic PLC XSWX:MDT
21 GF Score
Price CHF65.29
GF Value CHF80.97
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Medtronic Dividend Payout Ratio?

Medtronic XSWX:MDT +1.21% 21 Dividend Payout Ratio is 0.46 as of Apr. 2026, which is 6% below its 10-year median of 0.49. GuruFocus rates XSWX:MDT with a GF Score™ of 21/100 and a GF Value™ of CHF80.97 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 281 Medical Devices & Instruments companies, Medtronic ranks worse than 58.72% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Medtronic's Dividend Payout Ratio for the months ended in Apr. 2026 was 0.46.

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

XSWX:MDT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.49   Max: 0.53
Current: 0.13

During the past 13 years, the highest Dividend Payout Ratio of Medtronic was 0.53. The lowest was 0.13. And the median was 0.49.

XSWX:MDT's Dividend Payout Ratio is ranked worse than
58.72% of 281 companies
in the Medical Devices & Instruments industry
Industry Median: 0.42 vs XSWX:MDT: 0.13

As of today (2026-06-25), the Dividend Yield % of Medtronic is 0.86%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Medtronic was 3.93%. The lowest was 0.86%. And the median was 2.26%.

Medtronic's Dividends per Share for the months ended in Apr. 2026 was CHF0.56.

During the past 12 months, Medtronic's average Dividends Per Share Growth Rate was 1.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Medtronic was 30.20% per year. The lowest was 1.40% per year. And the median was 15.40% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Medtronic (XSWX:MDT) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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

Medtronic Dividend Payout Ratio Historical Data

* Premium members only.

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.

Medtronic Dividend Payout Ratio Chart

Medtronic Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.13

Medtronic Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.46

XSWX:MDT vs SYK, BSX, EW: Dividend Payout Ratio Comparison

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 Dividend Payout Ratio vs 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.


XSWX:MDT
21GF Score
Medtronic PLC XSWX:MDT
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Medtronic Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Medtronic's Dividend Payout Ratio for the fiscal year that ended in Apr. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Apr. 2026 )/ EPS without NRI (A: Apr. 2026 )
=0.559/ 4.355
=0.13

Medtronic's Dividend Payout Ratio for the quarter that ended in Apr. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Apr. 2026 )/ EPS without NRI (Q: Apr. 2026 )
=0.559/ 1.221
=0.46

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.46 mean?
Medtronic (XSWX:MDT) has a Dividend Payout Ratio of 0.46 as of Apr. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Medtronic and its competitors. This is near median its historical median of 0.49. Over the past decade, Medtronic's Dividend Payout Ratio has ranged from 0.13 to 0.53. According to the industry distribution chart, Medtronic ranks #165 out of 281 companies in the Medical Devices & Instruments industry, placing it in the top 58.7%.
Is Medtronic's Dividend Payout Ratio too high?
Medtronic's current Dividend Payout Ratio of 0.46 is near median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.53. The Medical Devices & Instruments industry median Dividend Payout Ratio is 0.42. Medtronic's value of 0.46 is 9.5% above this industry median. Based on the distribution chart, Medtronic ranks #165 out of 281 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Medtronic has a GF Score™ of 21/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Medtronic's Dividend Payout Ratio compare to SYK and BSX?
According to the Medical Devices & Instruments industry distribution chart, Medtronic ranks #165 out of 281 companies for Dividend Payout Ratio. This places Medtronic in the lower half of its industry. The industry median Dividend Payout Ratio is 0.42. Medtronic's value of 0.46 is 9.5% above this benchmark. Historically, Medtronic's own Dividend Payout Ratio has ranged from 0.13 to 0.53 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 0.42, Medtronic has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Medical Devices & Instruments company?
The median Dividend Payout Ratio among Medical Devices & Instruments companies is 0.42, based on 281 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Medtronic's current Dividend Payout Ratio of 0.46 is 9.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Medtronic and its competitors. For the Medical Devices & Instruments industry, the median Dividend Payout Ratio is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medtronic's current Dividend Payout Ratio is 0.46, which is near median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medtronic stock overvalued right now?
Based on GuruFocus' analysis, Medtronic (XSWX:MDT) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF80.97, compared to a current price of CHF65.29 — trading 19.4% below its estimated fair value. The current Dividend Payout Ratio is 0.46, which is near median its 10-year median of 0.49 and 9.5% above the Medical Devices & Instruments industry median of 0.42. Medtronic's overall GF Score™ is 21/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Medtronic (XSWX:MDT), the current Dividend Payout Ratio is 0.46 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Medtronic (XSWX:MDT) Overvalued in 2026?

Based on GuruFocus' analysis, Medtronic stock appears to be undervalued. The current stock price of CHF65.29 is trading 19.4% below its estimated GF Value™ of CHF80.97. GuruFocus considers Medtronic to be Modestly Undervalued.

Key valuation signals for XSWX:MDT:

  • Dividend Payout Ratio: 0.46 (near median its 10-year median of 0.49)
  • GF Value™: CHF80.97 vs. price of CHF65.29 (19.4% below fair value)
  • GF Score™: 21/100 with 3 warning signs
  • Industry Position: 9.5% above the Medical Devices & Instruments median (#165 of 281)

No single metric tells the full story. See the XSWX:MDT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Medtronic Business Description

Address Parkmore Business Park West, Building Two, Galway, IRL
One of the largest medical-device companies, Medtronic develops and manufactures therapeutic medical devices for chronic diseases. Its portfolio includes pacemakers, defibrillators, transcatheter heart valves, stents, spinal fixation devices, neurovascular products, advanced energy, ablation laser therapy, and surgical tools. The company primarily markets its products to healthcare institutions and physicians in the United States, Western Europe, and Japan. Foreign sales account for roughly 50% of the company's total sales.
21GF Score

Get the complete analysis for XSWX:MDT

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF65.29
Price
CHF80.97
GF Value