Medtronic (MDT) will raise its quarterly dividend by 50 percent to $0.1875 per share in 2008. Last year the medical technology company hiked its dividend by 13.6 percent to $0.1875 per share quarterly.
Medtronic Public Limited Company (Medtronic) is a medical technology and services company. The Company develops, manufactures and markets its medical devices and technologies to hospitals, physicians, clinicians and patients in approximately 160 countries. The Company operates in four segments: Cardiac and Vascular Group, Minimally Invasive Technologies Group, Restorative Therapies Group and Diabetes Group.