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Before Tuesday’s opening bell, Medtronic (MDT ) reported higher third quarter results, which came in above analysts’ estimates.
Omar Ishrak, MDT’s chairman and CEO, commented: “Q3 was a strong quarter, with revenue growth well above our outlook range for the fiscal year and exceeding our mid-single digit baseline goal. All three legacy Medtronic groups contributed to our robust performance.”
The company will pay its next 30.5 cent dividend on April 17. The stock will go ex-dividend on March 26.
Shares of MDT were up $2.24, or 2.98%, during pre-market trading Tuesday. The stock is up 4.24% YTD.
Medtronic (MDT ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.