Medtronic dividend history

Medtronic's dividend was $2.84 a share in fiscal 2026, up 1.4% on the year before. That was 75.8% of net income. It has raised its dividend per share every year since fiscal 2013, as far back as our figures go.

Dividends, buybacks and capital spending

FY2027 Q1 TTM

Buybacks (TTM): $1.2B
Dividends (TTM): $3.6B
Returned to shareholders: 79%; of free cash flow
Buybacks, last 3 fiscal years: $6.4B
Diluted share count: +0.0%; year over year
Total shareholder yield: 3.8%; dividends 2.9% + buybacks 0.9% of market value
Dividend payout ratio: 70%; of net income paid out
R&D spending: 7.8%; of revenue
Sales & admin spending: 32.4%; of revenue
Days sales outstanding: 62 days; receivables vs revenue

Dividends by fiscal year

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Medtronic: dividends by fiscal year, annual
Fiscal year	2013Apr 2013	2014Apr 2014	2015Apr 2015	2016Apr 2016	2017Apr 2017	2018Apr 2018	2019Apr 2019	2020Apr 2020	2021Apr 2021	2022Apr 2022	2023Apr 2023	2024Apr 2024	2025Apr 2025	2026Apr 2026	LTMJul 2026
Dividend per share	$1.04	$1.12	$1.22	$1.52	$1.72	$1.84	$2.00	$2.16	$2.32	$2.52	$2.72	$2.76	$2.80	$2.84	—
Dividend per share growth	—	+7.7%	+8.9%	+24.6%	+13.2%	+7.0%	+8.7%	+8.0%	+7.4%	+8.6%	+7.9%	+1.5%	+1.4%	+1.4%	—
Dividends paid	1,055	1,116	1,337	2,139	2,376	2,494	2,693	2,894	3,120	3,383	3,616	3,666	3,589	3,639	3,650
Share buybacks	1,247	2,553	1,920	2,830	3,544	2,171	2,877	1,326	652	2,544	645	2,138	3,235	1,035	1,179
Dividends ÷ net income	30.4%	36.4%	50.0%	60.5%	59.0%	80.3%	58.2%	60.4%	86.5%	67.1%	96.2%	99.7%	77.0%	75.8%	69.8%

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

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Figures from Medtronic's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Medtronic.