The shares go ex-div on 12/13 for a payout on 12/28. Medtronic has moved their usual January payout forward a month due to the potential dividend tax increase. Taxes are going to be inevitable so it's something I'll deal with when that comes up but I'll enjoy the chance to get the shares compounding a little earlier. Their typical payout schedule is January, April, July, October so this will give me some diversification on dividend payouts.
The shares will provide $46.80 in annual dividends before any future increases or dividend reinvestment. I'll also be receiving the December payout of $11.70. Unfortunately these shares lowered my YOC for my FI portfolio from 2.95% to 2.93% and lowered my non-ESPP share YOC from 3.35% to 3.31%.
My forward 12-month dividends now sits at $1,547.40.