Medtronic (NYSE:MDT) announced that its board approved a third-quarter cash dividend of 68¢ per ordinary share.
The dividend represents an 8% increase over the prior year. It falls in line with the dividend announcement made by Medtronic in May 2022.
According to a news release, it marks the 45th consecutive year in which Medtronic increased its annual dividend payment. It is payable on Jan. 13, 2023, to shareholders of record at close of business on Dec. 21, 2022.
Shares of MDT rose 0.5% at $78.16 apiece in mid-morning trading today.