Dividend Aristocrat Medtronic (MDT) will raise its quarterly dividend by 13.2 percent to $0.43 per share in 2016. Last year the medical devices maker raised its quarterly dividend from 30.5 cents to 38 cents per share.

Medtronic plc, headquartered in Dublin, Ireland, is a medical technology, services, and solutions company.  The company has four operating segments that primarily develop, manufacture, distribute, and sell device-based medical therapies and services: Cardiac and Vascular Group, Minimally Invasive Therapies Group, Restorative Therapies Group and Diabetes Group. The company's primary customers include hospitals, clinics, third-party health care providers, distributors, and other institutions, including governmental health care programs and group purchasing organizations (GPOs). Medtronic was founded in 1949 and has paid a dividend every year since 1977.