Medtronic plc (MDT) Dividend Coverage Ratio (2014 - 2026)
Medtronic's (MDT) Dividend Coverage Ratio came in at 1.60 for fiscal Q1 2027 (quarter ended Jul 31, 2026), up 39.7% from 1.14 a year earlier and up 16.5% from the prior quarter.
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Analysis
Medtronic plc (MDT) Dividend Coverage Ratio (2014 - 2026) Analysis & Trends
For the trailing twelve months through Jul 31, 2026, Dividend Coverage Ratio at Medtronic was 1.43, up 10.7% year-over-year; for FY2026 (ended Apr 24, 2026), it was 1.32, up 1.6% from FY2025.
- In prior fiscal years, Medtronic's Dividend Coverage Ratio was 1.30 in FY2025 (+29.5%), 1.00 in FY2024 (-3.5%), 1.04 in FY2023 (-30.2%) and 1.49 in FY2022 (+28.9%).
- The fiscal Q1 2027 figure stands as the highest quarterly Dividend Coverage Ratio since fiscal Q4 2022.
- On a year-over-year basis, Dividend Coverage Ratio increased in six of the last eight quarters, with growth averaging 19.4%.
- The strongest year-over-year quarter for Dividend Coverage Ratio in the past five years was fiscal Q2 2022, with growth of 146.9%; the weakest was fiscal Q2 2023, with a decline of 69.5%.
- According to Business Quant data, Dividend Coverage Ratio for the three prior fiscal quarters was 1.37 (Q4 2026), 1.25 (Q3 2026) and 1.51 (Q2 2026).
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Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.60 |
| Apr 24, 2026 | 1.37 |
| Jan 23, 2026 | 1.25 |
| Oct 24, 2025 | 1.51 |
| Jul 25, 2025 | 1.14 |
| Apr 25, 2025 | 1.18 |
| Jan 24, 2025 | 1.44 |
| Oct 25, 2024 | 1.42 |
| Jul 26, 2024 | 1.16 |
| Apr 26, 2024 | 0.72 |
| Jan 26, 2024 | 1.44 |
| Oct 27, 2023 | 0.99 |
| Jul 28, 2023 | 0.86 |
| Apr 28, 2023 | 1.30 |
| Jan 27, 2023 | 1.35 |
| Oct 28, 2022 | 0.47 |
| Jul 29, 2022 | 1.03 |
| Apr 29, 2022 | 1.76 |
| Jan 28, 2022 | 1.75 |
| Oct 29, 2021 | 1.55 |
API Access
Medtronic plc Dividend Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "dividend-coverage-ratio", "ticker": "MDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();