Medical device maker Medtronic said Friday it expanded its stock repurchase authorization, raised its quarterly dividend, and completed two acquisitions for about $200 million total.
The company said it will buy back up to an additional 80 million shares, or about 6 percent of its outstanding stock. It said there is no specific time frame associated with the share repurchase.
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Medtronic PLC raised its quarterly dividend to 38 cents from 30.5 cents.
The company also said it bought Aptus Endosystems for $110 million. The Sunnyvale, California-company makes devices used to repair aneurysms.
Medtronic paid $93 million to buy CardioInsight Technologies, a Cleveland company that makes devices used to non-invasively map the electrical activity of patient's hearts.
Medtronic moved its headquarters to Ireland in January after it bought surgical equipment maker Covidien in a $42.9 billion deal. The company's stock has risen 6.2 percent in 2015 and closed at $76.71 on Friday.