By Colin Kellaher
Medtronic's board has nudged up the quarterly dividend by a penny, to 72 cents, making it 49 straight years that the medical-technology company has boosted its payout.
The new dividend, equal to $2.88 a year, represents an annual yield of about 3.91% based on Tuesday's closing price of $73.75, up from 3.85%.
The 1.4% dividend increase maintains Medtronic's spot in the S&P 500 Dividend Aristocrats Index, whose 69 members have paid a higher dividend for at least 25 straight years.
The Galway, Ireland, company on Wednesday said the increased dividend is payable July 17 to shareholders of record June 26.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
06-03-26 0711ET


















