06-25-2015, 10:17 AM
(06-25-2015, 10:11 AM)EricL Wrote: This one is a few days old, but a nice one from MDT.
The board of directors of Medtronic plc (MDT) today approved a 25 percent increase in its cash dividend for fiscal year 2016, raising the quarterly amount to $0.38 per ordinary share for an annual amount of $1.52 per ordinary share. Today`s announcement marks the 38th consecutive year of an increase in the dividend payment for Medtronic, a constituent of the S&P 500 Dividend Aristocrats index. Including today`s increase, Medtronic`s dividend per share has more than tripled over the past 8 years and has grown at an 18 percent compounded annual growth rate over the past 38 years.
Impressive results from the old-time Dividend Champion.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan