MINNEAPOLIS--(BUSINESS WIRE)--The board of directors of Medtronic, Inc. (NYSE: MDT) today approved a 9 percent increase in its cash dividend for fiscal year 2010, raising the quarterly amount to 20.5 cents per share of the company’s common stock, for an annual amount of 82 cents per share. In addition, the board approved an increase in its Share Repurchase Plan, authorizing Medtronic to purchase an additional 60 million shares of its common stock, representing approximately 5.4 percent of the company’s total basic shares of common stock outstanding during the quarterly period ending April 24, 2009.
