Medtronic Announces Cash Dividend for Third Quarter of Fiscal Year 2017
09 December 2016 - 10:45PM
DUBLIN - Dec. 9, 2016 - The
board of directors of Medtronic plc (NYSE:MDT) today approved the
fiscal year 2017 third 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 January 13, 2017, to shareholders of record
at the close of business on December 23, 2016. The company
expects that its fiscal year 2017 third 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 88,000 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 Corporate Solutions on behalf
of Nasdaq 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
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