Medtronic Increases Its Cash Dividend by 7 Percent
The board of directors of Medtronic, Inc. (NYSE: MDT) today approved a 7.2 percent increase in its cash dividend for fiscal year 2013, raising the quarterly amount to $0.26 per share of the company's common stock for an annual amount of $1.04 per share. Medtronic's dividend has more than doubled over the past five years, and today's announcement marks the company's 35th consecutive year of increased dividend payments. Medtronic is a constituent of the S&P 500 Dividend Aristocrats index.
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