Medtronic Pays Increasing Dividends

Medtronic (MDT), a well-known medical devices company, has increased its quarterly cash dividend from $0.1875 to $0.205, a 9.33 percent increase. The dividend is payable on July 31, 2009 to shareholders of record as of July 10, 2009.

Its current dividend yield is 2.40 percent. MDT has a long history of raising its dividend. See table of dividend payments since 1972.

MDT is an excellent candidate for a long-term dividend reinvestment portfolio.

I (RAH) do not own MDT.

To get more performance information about MDT, use the buyupside.com Stock Return Calculator. Enter MDT as the stock symbol on the calculator input form.

See the buyupside.com Dividend Chart Maker to view more dividends charts for MDT and other dividend-paying stocks.

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Posted June 21, 2009.