Medtronic increases cash dividend for the third quarter of fiscal year 2016

Tim Casey | | Cardiovascular Business | Economics

Medtronic announced on Dec. 11 that it would pay a cash dividend of $0.38 per ordinary share for the third quarter of fiscal year 2016.

The dividend, which is a 25 percent increase compared with the same time period last year, is payable on Jan. 15, 2016, to shareholders as of the end of business on Dec. 24.

Medtronic said it has increased its annual dividend payments for 38 consecutive years.

Tim Casey,

Executive Editor

Tim Casey joined TriMed Media Group in 2015 as Executive Editor. For the previous four years, he worked as an editor and writer for HMP Communications, primarily focused on covering managed care issues and reporting from medical and health care conferences. He was also a staff reporter at the Sacramento Bee for more than four years covering professional, college and high school sports. He earned his undergraduate degree in psychology from the University of Notre Dame and his MBA degree from Georgetown University.

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