Medtronic, Inc. (MDT) manufactures and sells device-based medical therapies worldwide. June 21st the company increased its quarterly dividend 7.2% to $0.26 per share. MDT’s dividend has more than doubled over the past five years, and this announcement marks the company’s 35th consecutive year of increased dividend payments. The dividend is payable on July 27, 2012, to shareholders of record at the close of business on July 6, 2012. The yield based on the new payout is 2.8%.