Medtronic (MDT) Boosts Dividend by 9% to $0.205, Raises Buyback by 60M Shares
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Medtronic, Inc. (NYSE: MDT) today approved a 9% increase in its cash dividend from $0.1875 to $0.205 per common share.
Also, the company approved an increase in its Share Repurchase Plan, authorizing Medtronic to purchase an additional 60 million shares of its common stock, representing approximately 5.4 percent of the company's total basic shares of common stock outstanding during the quarterly period ending April 24, 2009.
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