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$5B share buyback program OK'd by Medtronic's board

A plan by Medtronic to buy back $5 billion of company stock in a new program superseding a 2015 share repurchasing plan has been approved by the company's board of directors. Medtronic has also increased its dividend by 7% to 46 cents per share, which translates to $1.84 per share in annual dividend.

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