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Medtronic Board Approves Fourth Quarter Cash Dividend

MINNEAPOLIS--([ BUSINESS WIRE ])--The board of directors of Medtronic, Inc. (NYSE:MDT), today approved a cash dividend of $0.1875 per share of the company's common stock. The dividend is payable on April 24, 2009, to shareholders of record at the close of business on April 3, 2009.

Medtronic has paid a dividend for 32 consecutive years.

About Medtronic

Medtronic, Inc. ([ www.medtronic.com ]), headquartered in Minneapolis, is the global leader in medical technology – alleviating pain, restoring health and extending life for millions of people around the world.

Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's Quarterly Report on Form 10-K for the year ended April 25, 2008. Actual results may differ materially from anticipated results.