Medtronic (MDT) Raises Qtr. Dividend 7.8% to $0.2425; 2.6% Yield; Adds 75M to Common Buyback
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Price: $79.19 +0.14%
Overall Analyst Rating:
NEUTRAL (
Down)
Dividend Yield: 3.4%
Revenue Growth %: -0.6%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 3.4%
Revenue Growth %: -0.6%
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Medtronic, Inc. (NYSE: MDT) declared a quarterly dividend of $0.2425 per share, or $0.97 annualized. This is a 7.8% increase from the prior dividend of $0.2250.
The dividend will be payable on July 29, 2011, to stockholders of record on July 8, 2011, with an ex-dividend date of July 6, 2011.
The annual yield on the dividend is 2.6 percent.
In addition, the board approved an increase in its Share Repurchase Plan, authorizing Medtronic to purchase an additional 75 million shares of its common stock, which represents approximately seven percent of the company’s total basic shares of common stock outstanding.
The dividend will be payable on July 29, 2011, to stockholders of record on July 8, 2011, with an ex-dividend date of July 6, 2011.
The annual yield on the dividend is 2.6 percent.
In addition, the board approved an increase in its Share Repurchase Plan, authorizing Medtronic to purchase an additional 75 million shares of its common stock, which represents approximately seven percent of the company’s total basic shares of common stock outstanding.
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