Thursday, June 21, 2012
Dividend Increase: MDT
Medtronic (MDT) is increasing its quarterly dividend by 7.2%, from $0.2425 to $0.26 per share, putting the company on track for its 35th consecutive year of dividend growth. Given that I own 55 shares of MDT, my quarterly dividend increases from $13.34 to $14.30, which will add an extra $3.84 to my annual dividend income. This dividend increase also boosts my yield on cost to 3.21%. Thus far this year, there have been dividend increases for 15 of the 22 dividend growth stocks in my portfolio.
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Nice. MDT is a company I'd like to own one day. I think you will do well with it. If it dropped a bit in price I'd be tempted to pick some up.ReplyDelete
Hi Compounding Income,Delete
I agree -- I think MDT will do well for me. I have given some thought to picking up more shares, but like you, I would wait for more of a price drop.