Medtronic (NYSE:MDT) announced that its board approved a fiscal 2023 second-quarter cash dividend of 68¢ per ordinary share.
The approval, which came on Thursday, Aug. 18, 2022, represents an 8% increase on the prior year and is consistent with the dividend announcement made by the company in May 2022.
Medtronic increased the cash dividend to 68¢ per share, effective May 25, 2022. The increase translates to an annual amount of $2.72 per ordinary share and marks the 45th consecutive year in which the dividend payment increased. The dividend is payable on Oct. 14, 2022, to shareholders of record at the close of business on Sept. 23, 2022.
According to a news release, Medtronic is a constituent of the S&P 500 Dividend Aristocrats index, having increased its annual dividend payment for 45 consecutive years.
Medtronic will announce its 2023 first-quarter results on Tuesday, Aug. 23, 2022.