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Medtronic plc dividends and buy backs

Medtronic plc quarterly dividends per share.

Dividends per share are defined as the amount paid to common share holders. The payment is announced on the declaration date and paid on the payment date. Share prices typically fall by the dividend amount on the date the dividend is paid. The size and steadiness of dividends is an important component of the valuation of many companies, particularly income companies. The following plot shows the earnings and dividends for Medtronic plc

Medtronic plc dividends

datedividenddeclarationpaymentperiodunadjustedcurrency
22 Sep 2022 0.68 18 Aug 2022 14 Oct 2022 Quarterly 0.68 USD
23 Jun 2022 0.68 25 May 2022 15 Jul 2022 Quarterly 0.68 USD
24 Mar 2022 0.63 3 Mar 2022 22 Apr 2022 Quarterly 0.63 USD
21 Dec 2021 0.63 9 Dec 2021 14 Jan 2022 Quarterly 0.63 USD
23 Sep 2021 0.63 20 Aug 2021 15 Oct 2021 Quarterly 0.63 USD
24 Jun 2021 0.63 27 May 2021 16 Jul 2021 Quarterly 0.63 USD
25 Mar 2021 0.58 8 Mar 2021 16 Apr 2021 Quarterly 0.58 USD
21 Dec 2020 0.58 11 Dec 2020 15 Jan 2021 Quarterly 0.58 USD
24 Sep 2020 0.58 21 Aug 2020 16 Oct 2020 Quarterly 0.58 USD
25 Jun 2020 0.58 20 May 2020 17 Jul 2020 Quarterly 0.58 USD

datedividendepsactual
2020-06-25 0.58
2020-09-24 0.58
2020-12-21 0.58
2021-03-25 0.58
2021-04-30 1.5
2021-06-24 0.63
2021-07-31 1.41
2021-09-23 0.63
2021-10-31 1.32
2021-12-21 0.63
2022-01-31 1.37
2022-03-24 0.63
2022-04-30 1.52
2022-06-23 0.68
2022-07-31 1.13
2022-09-22 0.68
2022-10-31 1.3
2023-01-31 1.3
2023-04-30 1.57
2023-07-31 1.2

Medtronic plc dividends and earnings

Dividend and Buybacks

Another way companies can generate income for shareholders it to buy back their shares, increasing the share price. This can have tax advantages for shareholders, but is also similar to paying a stock-based dividend to the remaining shareholders. The company accounts show the amount spent on dividends and share buybacks during the year. As these are costs (not income), they are shown as negatives in the accounts.

. Predection Jul 31,23 Apr 30,23 Jan 31,23 Oct 31,22 Jul 31,22
. dividendsPaid -71.0 -918M -905M -904M -904M 903M
. salePurchaseOfStock. . -97.0 -152M -97M -71M -141M -336M

Buyback per share

By comparing the amount spent on buybacks with the amount of outstanding shares, the buybacks can be converted into a dividend per share format.

. Predection Jul 31,23 Apr 30,23 Jan 31,23 Oct 31,22 Jul 31,22
. dividend 0.053 0.688 0.679 0.678 0.678 -0.67
. buyback. . 0.073 0.113 0.072 0.053 0.105 0.251

Comparison

To compare dividends accross stocks, we can compare a number of metrics including the actual dividend, the dividend yeild and the payout ratio.

Medtronic PLC MDT
namesymbolexchangedatesectorpayouteps yield %div yield %buy yield %m cap
Medtronic PLC MDT US Jul 31,23 Healthcare 116.06 0.74 0.86 0.14 115859M -
Stryker Corporation SYK US Jun 30,23 Healthcare -38.62 0.68 -0.26 -0.09 107149M -
Tri Continental Closed Fund TY US Jun 30,23 Financial Services 1522M -
General American Investors Closed Fund GAM US Jun 30,23 Financial Services 954M -
Zimmer Biomet Holdings Inc ZBH US Jun 30,23 Healthcare -24.00 0.85 -0.20 0.06 27165M -
Royce Value Closed Fund RVT US Jun 30,23 Financial Services 1653M -
Dentsply Sirona Inc XRAY US Jun 30,23 Healthcare -34.88 1.18 -0.41 2.06 8261M -

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