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Medtronic announces cash dividend for fourth quarter of fiscal year 2024 | ||||||||
By: PR Newswire Association LLC. - 07 Mar 2024 | Back to overview list |
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Board authorizes $5 billion for share repurchases DUBLIN, March 7, 2024 /PRNewswire/ -- The board of directors of Medtronic plc (NYSE: MDT) on Thursday, March 7, 2024, approved the company's cash dividend for the fourth quarter of fiscal year 2024 of $0.69 per ordinary share. This quarterly declaration is consistent with the dividend announcement made by the company in May 2023. Medtronic is a constituent of the S&P 500 Dividend Aristocrats index, having increased its annual dividend payment for the past 46 consecutive years. The dividend is payable on April 12, 2024, to shareholders of record at the close of business on March 22, 2024. In addition to approving the dividend, the board today authorized the expenditure of funds for share repurchases. Given the remaining amount under the board's March 2019 $6.0 billion authorization was $1.9 billion by the end of the last fiscal quarter, the board today authorized an incremental $5.0 billion for share repurchases. The company noted that there is no specific time period associated with today's repurchase authorization. About Medtronic 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. Contacts:
View original content to download multimedia:https://www.prnewswire.com/news-releases/medtronic-announces-cash-dividend-for-fourth-quarter-of-fiscal-year-2024-302083505.html SOURCE Medtronic plc |
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