Medtronic Announces Cash Dividend for Second Quarter of Fiscal Year 2017
August 19 2016 - 4:15PM
DUBLIN - August 19, 2016 -
The board of directors of Medtronic plc (NYSE:MDT) today approved
the fiscal year 2017 second quarter cash dividend of $0.43 per
ordinary share, representing a 13 percent increase over the prior
year. This quarterly declaration is consistent with the
dividend announcement made by the company in June 2016.
Medtronic is a constituent of the S&P 500 Dividend Aristocrats
index, having increased its annual dividend payment for the past 39
consecutive years. The dividend is payable on October 21,
2016, to shareholders of record at the close of business on
September 29, 2016. The company expects that its fiscal year
2017 second quarter dividend will be treated for U.S. tax purposes
as a distribution of earnings and not a return of capital.
Additional information about the tax treatment of the dividend is
available at investorrelations.medtronic.com.
About Medtronic
Medtronic plc (www.medtronic.com), headquartered in Dublin,
Ireland, is among the world's largest medical technology, services
and solutions companies - alleviating pain, restoring health and
extending life for millions of people around the world. Medtronic
employs more than 85,000 people worldwide, serving physicians,
hospitals and patients in approximately 160 countries. The company
is focused on collaborating with stakeholders around the world to
take healthcare Further, Together.
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:
Fernando Vivanco
Public Relations
+1-763-505-3780
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#2036043
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