Dividend Aristocrat Medtronic (MDT) will raise its quarterly dividend by 7.9 percent to 68 cents per share in 2022. This comes after a dividend hike of 8.6 percent to 63 cents per share in 2021 and marks the 45th consecutive year of dividend increases by the medical technology company. A new annual dividend rate of $2.72 per share yields 2.7% at at stock price of $100 for Medtronic. The company today announced that effective May 25, 2022, the Medtronic board of directors approved an increase in Medtronic's cash dividend for the first quarter of fiscal year 2023, raising the quarterly amount to $0.68 per ordinary share. This would translate into an annual amount of $2.72 per ordinary share, an 8% increase from the prior $2.52. Medtronic has a long history of dividend growth, and the company is a constituent of the S&P 500 Dividend Aristocrats index. Today's announcement marks the 45th consecutive year of an increase in the dividend payment. Including today's increase, Me...