MINNEAPOLIS - February 13, 2014 - The board of directors of Medtronic, Inc. (MDT) today approved a cash dividend of $0.28 per share of the Company`s common stock. The quarterly dividend represents an 8% increase over the prior year. The dividend is payable on April 25, 2014, to shareholders of record at the close of business on April 4, 2014. Medtronic, a constituent of the S&P 500 Dividend Aristocrat index, remains committed to returning 50% percent of its free cash flow to shareholders through dividends and share repurchases.
Medtronic, Inc. (www.medtronic.com), headquartered in Minneapolis, is the global leader in medical technology - alleviating pain, restoring health and extending life for millions of people around the world.
Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic`s periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.
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Source: Medtronic, Inc. via GlobeNewswire