As per Medtronic, Inc. (NYSE:MDT)’s news release on 2016-06-24, its shareholders will get cash dividend of $0.43 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-08 and 2016-07-27, respectively.
The stock will commence trading ex-dividend from 2016-07-06, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Medtronic, Inc. (NYSE:MDT) disbursed $0.43 in dividend compared to distribution of $0.43, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 24.5902%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Medtronic, Inc. (NYSE:MDT) to attain a price target of $89.392. It is an average estimate figure given by 14 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $104. The low price range is set at $56 for next year while the arithmetic mean is seen at 1.82.
Eyeing Earnings Medtronic, Inc. (NYSE:MDT) is likely to post quarterly numbers around 2016-08-25 for the quarter ending 2016-07-31. The quarterly EPS projection is set at $1.01 for the period ending on 2016-07-31.
In last quarter ended 2016-04-30, Medtronic, Inc. (NYSE:MDT) earnings came at $1.27 suggesting a deviation of $0.01. The brokerages targeted EPS of $1.26 for the quarter.
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