Medtronic a Top Ranked SAFE Dividend Stock With 3.3% Yield (MDT)
ETF Channel Staff - Friday, March 22, 7:33 AMMedtronic PLC (MDT) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 3.3% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.
According to the ETF Finder at ETF Channel, Medtronic PLC is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 1.29% of the SPDR S&P Dividend ETF (SDY), which holds $265,474,698 worth of MDT shares.
Medtronic PLC (MDT) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.
The annualized dividend paid by Medtronic PLC is $2.76/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/21/2024. Below is a long-term dividend history chart for MDT, which the report stressed as being of key importance.
MDT operates in the Medical Instruments & Supplies sector, among companies like Abbott Laboratories (ABT), and Intuitive Surgical Inc (ISRG).