Medtronic Inc.

Medtronic Inc. DRIP Rating:
Quick Takeaway:

Medtronic offers a DRIP plan with an optional cash purchase option for DRIP investors. The company's optional cash purchase and dividend reinvestment fees are higher than average; however, the company pays a solid dividend and boasts a long history of annual dividend increases.

Ticker Symbol: MDT Exchange: NYSE

Investor Contact Information:
Transfer Agent: Wells Fargo
Mail: P.O. Box 64874
St. Paul, MN 64874
Phone: (888) 648-8154
IR website

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2012 2013 2014 2015 2016 2017
Dividend $1.00 $1.08 $1.17 $1.45 $1.62 $1.78
Annual Increase 5.8% 7.5% 8.3% 23.5% 12.1% 9.9%
DRIP Plan Summary: Fees/Investment Options
Consecutive Years of Higher Dividends: 40
Purchase Fee: $3 (cash purchase)
$1 (automatic investments)
Dividend Reinvestment Fee: 5% (max $5)
Discount on Reinvested Dividends: None
Direct Enrollment (DE): Yes
DE Minimum Investment: $250
Optional Cash Purchase: Yes
OCP Minimum: $25
OCP Maximum: $50,000
OCP Purchase Frequency: Weekly
Transfer Agent: Wells Fargo