Medtronic Announces Cash Dividend for Second Quarter of Fiscal Year 2016
August 21 2015 - 4:15PM
DUBLIN - August 21, 2015 -
The board of directors of Medtronic plc (NYSE:MDT) today approved
the fiscal year 2016 second quarter cash dividend of $0.38 per
ordinary share, representing a 25 percent increase over the prior
year. This quarterly declaration is consistent with the
dividend announcement made by the company in June. Medtronic
has increased its annual dividend payment for the past 38
consecutive years, and is a constituent of the S&P 500 Dividend
Aristocrats index. The dividend is payable on October 16,
2015, to shareholders of record at the close of business on
September 25, 2015. While a portion of the dividend may be
treated for U.S. tax purposes as a return of capital, the company
expects that, over time, its dividend will be treated completely as
a return of earnings. Additional information about the tax
treatment of the dividend is available by clicking on the Investors
link through the Medtronic website at www.medtronic.com.
About Medtronic
Medtronic plc (www.medtronic.com), headquartered in Dublin,
Ireland, 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.
-end-
Contacts:
Cindy Resman
Public Relations
+1-763-505-0291
Ryan Weispfenning
Investor Relations
+1-763-505-4626
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Medtronic plc via Globenewswire
HUG#1947056
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