| Medtronic Board Approves Quarterly Cash Dividend |
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| News - Financial News | |||
| Written by Medtronic | |||
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Minneapolis, Minnesota–August 21, 2008: The board of directors of Medtronic, Inc. [NYSE:MDT], today approved a cash dividend of $0.1875 per share of the company's common stock. Medtronic has paid a dividend for 32 consecutive years and on June 26, 2008, announced an increase of 50 percent in the dividend payment to shareholders, with a commitment to return 40 to 50 percent of free cash flow to shareholders in dividends or share repurchases. The dividend is payable on October 24, 2008, to shareholders of record at the close of business on October 3, 2008. About MedtronicMedtronic, Inc., 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 Quarterly Report on Form 10-K for the year ended April 25, 2008. Actual results may differ materially from anticipated results.
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