logo
Plus   Neg
Share
Email

Medtronic Approves $6 Bln Share Buyback

Medtronic PLC (MDT), Friday said its board authorized a new plan to buy back up to $6 billion in shares.

The medical device company said it earlier had $1.3 billion in share buyback authorization left in a $5 billion plan approved in June 2017.

The board also approved fourth-quarter cash dividend of $0.50 per share, representing a 9 percent increase over the prior year. The dividend is payable on April 12, 2019, to shareholders of record at the close of business on March 22, 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT