St. Jude Medical (STJ) Raises Quarterly Dividend 6.9% to $0.31; 2.3% Yield

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St. Jude Medical Announces Increase in Quarterly Dividend

February 19, 2016 1:17 PM EST

Board of Directors declares 7 percent increase in quarterly dividend

ST. PAUL, Minn.--(BUSINESS WIRE)-- St. Jude Medical, Inc. (NYSE: STJ), a global medical device company, today announced that its board of directors declared a 7 percent increase in the companys quarterly dividend to $0.31 per common share. The dividend is payable April 29, 2016, to shareholders of record on March 31, 2016. At the new rate, the annual dividend would be $1.24 per share, compared to the previous annual dividend of $1.16 per share.

About St. Jude Medical

St. Jude Medical is a leading global... More