By Denny Jacob


Medtronic increased its dividend for the first quarter of fiscal 2025 by 1.4% to 70 cents a share from 69 cents a share.

The new payout, equal to $2.80 a year, represents an annual yield of 3.3% based on Wednesday's closing price of $85.76.

The medical technology company said the dividend is payable on July 12 to shareholders of record at the close of business on June 28.


Write to Denny Jacob at denny.jacob@wsj.com


(END) Dow Jones Newswires

05-23-24 0721ET