Here is how to gain $ 100 in passive income by investing in Medtronic shares

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Medtronic PLC (NYSE: MDT) is a world leader in health care technology that designs, develops, manufactures and sells medical therapies and medical services based on devices to deal with a wide range of health problems.

He will publish his results of T2 2026 on November 18. Wall Street analysts expect the company to display a BPA of $ 1.31, compared to $ 1.26 during the period of the previous year. According to data from Benzinga Pro, quarterly income should be $ 8.85 billion, compared to $ 8.40 billion a year earlier.

The 52 -week range of Medtronic equity courses was $ 79.29 to $ 96.25.

Medtronic dividends yield is 2.98%. He paid $ 2.84 per share in dividends in the last 12 months.

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On August 19, the company announced its profits in the first quarter of 2026, displaying an adjusted BPA of $ 1.26 compared to the estimate of the consensus of $ 1.23 and income of $ 8.58 billion, compared to the consensus of $ 8.38 billion, as Benzinga reports.

“We have delivered another quarter coherent in the growth of organic income halfway, with a wide force of several categories of innovative products, including the ablation of the pulsed field, transcathic valves, neuromodulation, diabetes and unanswered stimulation,” said CEO Geoff Martha. “We are confident and well placed to accelerate our income growth in the second half of our exercise, because we make significant progress on our main growth engines.”

Medtronic increased its non-gap EPS advice for the entire year 2026 at the new fork of $ 5.60 to $ 5.66 compared to the previous range of $ 5.50 to $ 5.60.

Consult this Benzinga article for seven analysts information on Medtronic.

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If you want to earn $ 100 per month – $ 1,200 per year – Medtronic dividends, your investment value must be around $ 40,268, or around 423 shares at $ 95.24 each.

Understand dividend yield calculations: When you make an estimate, you need two key variables – the desired annual income ($ 1,200) and dividend yield (2.98% in this case). Thus, $ 1,200 / 0.0298 = $ 40,268 to generate an income of $ 100 per month.

You can calculate the yield of dividends by dividing the annual dividend payments by the current price of the action.

Dividend yield can change over time. This is the result of the fluctuation of the prices of actions and dividend payments on a hilly basis.

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For example, suppose that an action that pays $ 2 as an annual dividend is a price of $ 50. Its dividend yield would be $ 2 / $ 50 = 4%. If the share price rises to $ 60, the dividend yield drops to 3.33% ($ 2 / $ 60). A decrease in equity to $ 40 will have an opposite effect and will increase dividend yield to 5% ($ 2 / $ 40).

In summary, investors focused on income can find Medtronic shares an attractive option to make a stable income of $ 100 per month by having 423 shares. There may be more upwards to come because investors benefit from the coherent dividend increases in the company. Medtronic has increased its dividend consecutively in the past 48 years.

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This article is how to gain $ 100 in passive income by investing in Medtronic actions originally appeared on benzinga.com