Medtronic's Ex-Dividend Date Is Thursday, Here's What You Need To Know

Wednesday marks the last chance for investors to receive the next dividend payout from Medtronic MDT.

What's Happening

The company announced on Thursday that it would pay shareholders a quarterly dividend of 69 cents per share. On Thursday, Medtronic will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 69 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own MDT as of the end of Wednesday's session are eligible to receive the 69 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on April 12, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

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