Saturday, June 23, 2007

Medtronic Increases Dividend 11.4%

Yesterday, Medtronic (MDT) announced an 11.4% increase in the company's quarterly dividend to 12.5 cents per share versus 11 cents per share in the same period a year earlier. The company's 5-year historical dividend growth rate is 12%. The payout ratio on estimated 2007 earnings of $2.41 is approximately 21%.

Medtronic dividend analysis. June 23, 2007
Medtronic stock chart. June 23, 2007


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