AP News

Irish drugmaker Covidien raises dividend 16 pct

DUBLIN (AP) — Irish drug and medical device maker Covidien PLC said Thursday it is raising its quarterly dividend 16 percent to 26 cents per share.

The dividend is payable Nov. 5 to shareholders of record as of Oct. 11.

Covidien shares rose 6 cents to close at $59.63 on the New York Stock Exchange.

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