MINNEAPOLIS--(BUSINESS WIRE)--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.
