On August 23, 2019 The board of directors of Medtronic plc (NYSE:MDT) reported the fiscal year 2020 second quarter cash dividend of $0.54 per ordinary share, representing an 8 percent increase over the prior year (Press release, Medtronic, AUG 23, 2019, View Source;p=RssLanding&cat=news&id=2407089 [SID1234538961]). This quarterly declaration is consistent with the dividend announcement made by the company in June 2019. Medtronic is a constituent of the S&P 500 Dividend Aristocrats index, having increased its annual dividend payment for the past 42 consecutive years. The dividend is payable on October 18, 2019, to shareholders of record at the close of business on September 27, 2019.

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