Forbes -
16 Jun 2014 19:52
Medtronic (MDT) approved a 9 percent increase in its cash dividend, raising the quarterly amount to $0.305 per share of the company's common stock, which would result in an annual amount of $1.22 per share. This dividend increase brings the company's current dividend yield to 2 percent and expected fiscal year 2015 dividend payout ratio to approximately 30 percent. Today's announcement marks the company's 37th consecutive year of increased dividend payments. The dividend is payable on July 25, 2...
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