Medtronic Board Approves Quarterly Cash Dividend
MINNEAPOLIS – Oct. 20, 2006 – The board of directors of Medtronic, Inc. (NYSE: MDT), today approved a cash dividend of $0.11 per share of the company’s common stock. Medtronic has paid a dividend since the beginning of fiscal 1978 and has increased its dividend each year.
The dividend is payable on January 26, 2007, to shareholders of record at the close of business on January 5, 2007.
Medtronic, Inc. (www.medtronic.com), headquartered in Minneapolis, 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 Annual Report on Form 10-K for the year ended April 28, 2006. Actual results may differ materially from anticipated results.
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