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Medtronic Authorizes $5B For Share Repurchases

Author: Benzinga Newsdesk | March 07, 2024 05:51pm

In addition to approving the dividend, the board today authorized the expenditure of funds for share repurchases. Given the remaining amount under the board's March 2019 $6.0 billion authorization was $1.9 billion by the end of the last fiscal quarter, the board today authorized an incremental $5.0 billion for share repurchases. The company noted that there is no specific time period associated with today's repurchase authorization.

Posted In: MDT


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