Medtronic plc

MDT
HealthcareDividend Aristocrat
$86.04
3.32%Fair Value

Medtronic plc (MDT) is a Healthcare company that currently yields 3.32% — trading near fair value based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $79.31 and the overvaluation threshold at $126.12. Medtronic plc holds a quality score of 50/100 (Average), reflecting 25 consecutive years of dividend growth with a 70% payout ratio. The 5-year dividend CAGR stands at 4.4%.

MDT Dividend Yield History — Weiss Valuation

Underval. $79.31Overval. $126.12

Distance to undervalued

Waiting for a better entry

Needs about 7.8% downside to reach the Weiss buy zone

Undervaluation starts near $79.31, where the annual dividend would imply roughly 3.61% yield. That is 0.28% above today's yield.

Buy-zone price

$79.31

Target yield

3.61%

Research checklist

What to clear before buying the yield

Updated Oct 1, 2026

Dividend durability

25Y

Long dividend history supports a deeper look.

Earnings payout

70%

Earnings coverage leaves room for noise.

Cash payout

68%

Free cash flow coverage supports the payment.

Dividend growth

4.4%

Recent growth adds income compounding potential.

What changed

What changed since the last update

2026-09-30 → 2026-10-01

Price

-1.2%

$87.09 → $86.04

Price fell 1.2% since the prior snapshot.

Why Now?

Medtronic plc is trading at a fair valuation relative to its dividend history.

Current yield 3.3% vs historical max 3.6% (92% of maximum).

7 years of uninterrupted dividends.

Reasonable payout ratio of 70%.

What matters now

Read the signal before the headline yield

Valuation is neutral here: quality has to do more of the work than entry price.

The 50/100 quality score says the headline yield needs extra skepticism.

Start by checking whether payout coverage and business durability still support the dividend.

MDT Dividend Income Projection — DRIP Compounder

Dividend Compounder (DRIP)

$

Year 1 Income

$347

Year 10 Income

$737

Yield on Cost

7.75%

Total Income

$5,153

Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.

Track actual vs. projected

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More research

Full price history & technical analysis

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Fundamentals, valuation & analyst ratings

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Moat rating & analyst fair value

Morningstar ↗

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MDT Dividend Quality Score

Quality Score

50/ 100

Average

Payout Ratio5/25
Dividend Streak12/25
Growth (CAGR 5Y)8/20
Yield vs History15/15
FCF Coverage10/15

Key Metrics

Current Price$86.04
Annual Dividend$2.86
Current Yield3.32%
Yield — Max (10Y)3.62%
Yield — Min (10Y)2.24%
Undervalued Below$79.31
Overvalued Above$126.12
Payout Ratio70.20%
CAGR Dividend 5Y4.4%
CAGR Dividend 10Y7.0%
Years No Cut7y

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25
consecutive years of dividend growth