(NYSE: MDT), a beast of a medical-device company, has caught the eye of more than a few income investors. It has enacted dividend raises at least once annually for a hard-to-beat 47 years straight and approaches high-yield dividend territory with a payout hovering just below 4%.

As that distribution is a major part of the stock's popularity, it's worth looking at a key number behind it -- quite simply, how much will it amount to across 2024?

Medtronic recently declared a dividend raise. Concurrent with the release of its latest financials in May, the medical-device king added $0.01 per share to its quarterly payout for a new level of $0.70. This will be paid each quarter in this new fiscal year.

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Source Fool.com