Medtronic, Inc. Declares Quarterly Dividend of $0.26 (MDT)
Medtronic (NYSE:MDT) announced a quarterly dividend on Friday, December 7th. Investors of record on Monday, December 17th will be paid a dividend of $0.26 per share on Friday, December 28th. This represents a $1.04 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Thursday, December 13th.
Several analysts have also recently commented on the stock. Analysts at Argus reiterated a “buy” rating on shares of Medtronic in a research note to investors on Thursday. They now have a $48.00 price target on the stock. On the ratings front, analysts at Citigroup raised their price target on shares of Medtronic to $50.00 in a research note to investors on Monday, November 26th. Finally, analysts at Deutsche Bank raised their price target on shares of Medtronic from $43.00 to $45.00 in a research note to investors on Wednesday, November 21st. They now have a “hold” rating on the stock.
Medtronic (MDT) traded up 0.14% on Friday, hitting $42.56. Medtronic (MDT) has a 1-year low of $34.98 and a 1-year high of $44.79. The company has a market cap of $43.043 billion and a price-to-earnings ratio of 12.94.
Medtronic last posted its quarterly earnings results on Tuesday, November 20th. The company reported $0.88 earnings per share (EPS) for the quarter. The company had revenue of $4.10 billion for the quarter. During the same quarter in 2011, the company posted $0.84 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Analysts expect that Medtronic (MDT) will post $3.65 EPS for the current fiscal year.
Medtronic, Inc. (Medtronic) is engaged in the medical technology – alleviating pain, restoring health, and extending life for people with chronic conditions worldwide.
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