MDT is the latest in dividend increases for my portfolio. I’m happy to be a shareholder and hope to keep accumulating more shares of this wonderful company. The price just seems to keep going up and so do the dividends.
Medtronic announced yesterday a 9% increase to their quarterly dividend in the amount of $0.025 from $0.28 to $0.305 per share that’s payable July 25, 2014 to holders of record as of July 3, 2014.
MDT is a Dividend Champion and has paid higher dividends consectuively for 37 years! This raise brings their dividend yield to 2% and their payout ratio to 30%. This leaves plenty of room for further increases in the future.
Since I own 96.09 shares, this will increase my yearly dividends by $9.61. This is the 24rd stock in my portfolio to increase their dividend this year.
You can find all of my dividend increase announcements here.