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Covidien raises quarterly dividend to 20 cents

Thu, 09/23/2010 - 4:45am
The Associated Press

Drug and medical device maker Covidien PLC said Thursday it is raising its quarterly dividend by 11 percent to 20 cents from 18 cents.

The Irish company is also boosting its annual dividend rate to 80 cents from 72 cents.

Covidien said the dividend is payable Nov. 8 to shareholders of record on Oct. 4.

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