Medtronic Announces 8 Percent Increase in Cash Dividend


2019-06-26 17:35:00 BioSpace


42nd Consecutive Year of Dividend Increases The board of directors of Medtronic plc (NYSE:MDT) today approved an 8 percent increase in its quarterly cash dividend, raising the quarterly amount to $0.54 per ordinary share. This would translate into an annual amount of $2.16 per ordinary share, or a dividend per share payout ratio of 41 percent of prior fiscal year non-GAAP diluted earnings per share (EPS). Today's announcement marks the 42nd 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 grown by 77 percent over the past 5 years and has grown at a 17 percent compounded annual growth rate over the past 42 years. "Medtronic's strong and growing dividend is an important component of the total return we expect to deliver to our shareholders," said Omar Ishrak, Medtronic chairman and chief executive officer. "Our board and management team have great confidence in Medtronic's ability to generate significant cash flow, and we expect to balance the deployment of this capital through both disciplined investments to drive future growth and returning cash to shareholders." Medtronic has a strong track record of returning capital to its shareholders, including returning $4.6 billion in fiscal year 2019. The company remains committed to returning a minimum of 50 percent of its free cash flow to shareholders through dividends and share repurchases. Medtronic continues to expect to grow its dividend in line with earnings, and it is focused on maintaining a payout ratio on prior fiscal year non-GAAP EPS around 40 percent. The dividend is payable on July 25, 2019, to shareholders of record at the close of business on July 8, 2019.
第42个连续股息增加年度 美美敦力(Medtronic)公司( NYSE : MDT )董事会今天批准将季度现金分红提高8%,将季度股息提高到每股普通股0.54美元。这将转化为每股普通股2.16美元的年度金额,或每股股息支付率为上一个会计年度非非一般公认会计原则(non-GAAP)摊薄每股收益( EPS )的41%。今日的公告标志着美敦力的股息支付额连续第42年上升。美敦力(Medtronic)是标准普尔500指数成份股的股息贵族指数。包括今天的增长在内,美美敦力(Medtronic)的每股股息在过去5年里增长了77%,在过去42年里以17%的复合年增长率增长。 美美敦力(Medtronic)董事长兼首席执行官奥马尔•伊斯赫克( Omar Ishrak )表示:“美敦力强劲且不断增长的股息是我们预期向股东提供的总回报的重要组成部分。”“我们的董事会和管理团队对美敦力(Medtronic)创造大量现金流的能力非常有信心,我们期望通过严格的投资来平衡资本的配置,以推动未来的增长并将现金返还给股东。” 美美敦力(Medtronic)在向股东返还资本方面有着良好的业绩记录,包括在2019财年返还46亿美元。该公司仍致力于通过股息和股票回购向股东返还至少50%的自由现金流。美美敦力(Medtronic)公司将继续预期其股息将与收益同步增长,并致力于保持上一财年非非一般公认会计原则(non-GAAP)每股收益的派息率在40%左右。股息于2019年7月25日派发至2019年7月8日收市时登记在册的股东。