Medtronic board of directors approved 2018 third quarter cash dividends of $0.46 per ordinary share.
Here's what you need to know:
1. The cash dividends represent a 7 percent increase compared to the prior year.
2. Medtronic announced the possibility of a cash dividend in June 2017. This dividend announcement is consistent with the values predicted.
3. The dividend is payable on Jan. 19, 2018, to shareholders of record at the close of business on Dec. 29.
4. Medtronic has increased its annual dividend payment for the past 40 consecutive years.