Medtronic plc
MDT25 yrs growthHealthcare · Stock · quarterly payer
Forward Yield
3.06%
Annual Dividend
$2.88
Payout Ratio
70%
5-Yr Growth
4.4%
Ex-Date
Sep 25, 2026
Frequency
Quarterly
Summary
As of September 2026, Medtronic plc (MDT) yields 3.06% ($2.88 per share annually), with a blended fair-value estimate of $93.49 — -1% downside, so it screens as fairly valued. Dividend safety grade: A (89/100). 25 years of dividend growth.
Is MDT a good dividend stock?
YesMedtronic plc (MDT) pays a quarterly dividend yielding 3.06% ($2.88/yr), with 25 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 25 consecutive years of growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 2000
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.06%
- Payout Ratio
- 70%
- Annual Dividend
- $2.88
- 5-Yr Avg Growth
- 4.4%
- Ex-Dividend Date
- Sep 25, 2026
- Years of Growth
- 25
- Frequency
- quarterly
- Beta
- 0.57
- Market Cap
- $120.5B
- P/E Ratio
- 23.2
- 5-Yr Total Return
- -25%
- 52-Week Range
- $73.31 – $106.33
- Dividend Safety
- A · 89/100
- Ever Cut?
- Yes (2000)
Frequently Asked Questions
MDT Price — Last 12 Months
Daily close
Price Return
1 Year
-1%
3 Years
+20%
5 Years
-25%
52-Week Range
$73.31 – $106.33
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MDT worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for Medtronic plc is $93.49 per share, versus a market price of $94.17. That implies the stock is roughly fairly priced.
Fair Value
$93.49
Current Price
$94.17
Gap
-1%
Margin of Safety
-1%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 6.8% annual free-cash-flow growth. We model 8.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.2% discount rate (CAPM), 8.3% stage-1 growth, 2.5% terminal growth, $4.06 EPS, $2.88 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MDT Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 26, 2026 | — | $0.7200 | regular |
| Mar 27, 2026 | — | $0.7100 | regular |
| Dec 26, 2025 | — | $0.7100 | regular |
| Sep 26, 2025 | — | $0.7100 | regular |
| Jun 27, 2025 | — | $0.7100 | regular |
| Mar 28, 2025 | — | $0.7000 | regular |
| Dec 27, 2024 | — | $0.7000 | regular |
| Sep 27, 2024 | — | $0.7000 | regular |
| Jun 28, 2024 | — | $0.7000 | regular |
| Mar 21, 2024 | — | $0.6900 | regular |
| Dec 19, 2023 | — | $0.6900 | regular |
| Sep 21, 2023 | — | $0.6900 | regular |
| Jun 22, 2023 | — | $0.6900 | regular |
| Mar 23, 2023 | — | $0.6800 | regular |
Income Calculator
At $2.88 / yr per share
