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.
Source: www.rttnews.com
Medtronic PLC announced that its board authorized a share repurchase plan of $6.0 billion, with no specific time period. The Company has $1.3 billion remaining in share repurchase authorization under its June 2017 $5 billion plan. Medtronic’s board has also approved a cash dividend of $0.50 per share for Q4 FY19, representing a 9% increase on YoY basis. The dividend is payable on April 12, 2019 to shareholders of record on March 22, 2019.
