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Medtronic (MDT) boosts its quarterly cash dividend by 7% to $0.26 per share. The company's...

Medtronic (MDT) boosts its quarterly cash dividend by 7% to $0.26 per share. The company's dividend has more than doubled over the past five years, and today's announcement marks the company's 35th consecutive year of increased dividend payments.
Comments (7)
  • Kilborn
    , contributor
    Comments (15) | Send Message
     
    I'm a noob at dividends, so this might be a flaky question. How can you have 35 years of increases and still be only at .26 per share? Did they give dividends only annually long ago?
    21 Jun 2012, 05:26 PM Reply Like
  • gostockyourself
    , contributor
    Comments (101) | Send Message
     
    good catch thats actually pretty funny and im curious myself
    21 Jun 2012, 05:41 PM Reply Like
  • jeanewight
    , contributor
    Comments (345) | Send Message
     
    I go to Yahoo Finance and to a stock I want to look up; and to the left, under "Historical Prices," you can click on to see prices and/or dividends. If I recall corrrectly, you can view the stock price either per month or year by year, and you can choose to get a complete history of the dividends paid out, too. And, yeah, some of them increase in very small increments (like I have seen $.17 then $.175) while some stay the same for varying periods of time or increase, then decrease. This may or may not answer Kilborn's question.
    21 Jun 2012, 09:54 PM Reply Like
  • Kilborn
    , contributor
    Comments (15) | Send Message
     
    Thanks! That 26 cent dividend is quarterly, so maybe they had just annual dividends a long time ago, and split them into quarters later. Still interesting...
    21 Jun 2012, 10:20 PM Reply Like
  • jeanewight
    , contributor
    Comments (345) | Send Message
     
    Just for the heck of it, I checked MDT's div. history; YF shows the first dividend was paid out in Jan. 1982 and was .00219; stayed the same the next quarter; then increased to .0025 in July 1982. LOL
    21 Jun 2012, 10:32 PM Reply Like
  • football frank
    , contributor
    Comments (92) | Send Message
     
    The reason It's 26 cents a quarter is the stock has split over the years, and when It splits, the dividend splits also. The stock has split six times since 1989, so the "real" price of the shares, If you factor in the splits is around $2400 a share.. So one share purchased in 1986
    cost $38. That one share has grown to 64 shares, X $38
    22 Jun 2012, 12:16 AM Reply Like
  • Kilborn
    , contributor
    Comments (15) | Send Message
     
    Good info jean and frank. Probably should use teh google before asking such a rookie question...
    22 Jun 2012, 09:24 AM Reply Like
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