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MEDTRONIC DIRECTORS INCREASE DIVIDEND 17 PERCENT

 MEDTRONIC DIRECTORS INCREASE DIVIDEND 17 PERCENT
 MINNEAPOLIS, June 26 /PRNewswire/ -- The board of directors of


Medtronic, Inc. (NYSE: MDT) today approved an eight-cent increase in the annual dividend rate to $.56 per common share, representing an increase of 17 percent over the annual dividend of 48 cents a share in the previous fiscal year.
 A first-quarter dividend of 14 cents per share is payable July 31 to shareholders of record at the close of business July 15.
 The company has paid a dividend each quarter since the beginning of fiscal 1978 and has raised its dividend once each year.
 Medtronic, Inc., headquartered in Minneapolis, is a leading developer and manufacturer of biomedical devices for improving cardiovascular and neurological health. The company's annual meeting of shareholders will be held at 10 a.m. Aug. 26, 1992, at corporate headquarters in suburban Minneapolis. Shareholders of record on July 10 will be eligible to vote at the meeting.
 -0- 6/26/92
 /CONTACT: Dale Beumer (Investor), 612-574-3038, or Dick Reid (Media), 612-574-3052, both of Medtronic/
 (MDT) CO: Medtronic, Inc. ST: Minnesota IN: MTC SU: DIV


AL -- MN001 -- 4097 06/26/92 09:11 EDT
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Publication:PR Newswire
Date:Jun 26, 1992
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