Covidien Declares Accelerated Quarterly Cash Dividend

  Covidien Declares Accelerated Quarterly Cash Dividend

Business Wire

DUBLIN -- December 04, 2012

Covidien plc (NYSE: COV) today announced that its Board of Directors has
declared a quarterly cash dividend of $0.26 per ordinary share. The dividend
is payable on December 27, 2012, to shareholders of record as of the close of
business on December 14, 2012. This accelerated quarterly dividend is intended
to be in lieu of the quarterly dividend which would have been declared in
January 2013.

ABOUT COVIDIEN

Covidien is a leading global healthcare products company that creates
innovative medical solutions for better patient outcomes and delivers value
through clinical leadership and excellence. Covidien manufactures, distributes
and services a diverse range of industry-leading product lines in three
segments: Medical Devices, Pharmaceuticals and Medical Supplies. With 2012
revenue of $11.9 billion, Covidien has 43,000 employees worldwide in 70
countries, and its products are sold in over 140 countries. Please visit
www.covidien.com to learn more about our business.

Contact:

Covidien plc
Eric Kraus, 508-261-8305
Senior Vice President
Corporate Communications
eric.kraus@covidien.com
or
Coleman Lannum, CFA, 508-452-4343
Vice President
Investor Relations
cole.lannum@covidien.com
or
Bruce Farmer, 508-452-4372
Vice President
Public Relations
bruce.farmer@covidien.com
or
Todd Carpenter, 508-452-4363
Director
Investor Relations
todd.carpenter@covidien.com
 
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