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Medtronic Increases Dividend 1.4% to 70 Cents a Share

Provided by Dow Jones

May 23, 2024 11:21am

By Denny Jacob

Medtronic increased its dividend for the first quarter of fiscal 2025 by 1.4% to 70 cents a share from 69 cents a share.

The new payout, equal to $2.80 a year, represents an annual yield of 3.3% based on Wednesday's closing price of $85.76.

The medical technology company said the dividend is payable on July 12 to shareholders of record at the close of business on June 28.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

May 23, 2024 07:21 ET (11:21 GMT)

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