Stryker hikes dividend by 10.6%
Stryker Corp (SYK) will raise its quarterly dividend by 10.6 percent to $0.575 per share in 2019. Last year the medical technology company also hiked its dividend by 10.6 percent.
The next dividend is payable on January 31, 2020 to shareholders of record at the close of business on December 31, 2019. A new annualized dividend rate of $2.30 per share yields 1.1% at a stock price of $204.
“We continue to deliver strong financial results, and consistent with our stated capital allocation philosophy, are raising our dividend 11%," said Kevin Lobo, Chairman and Chief Executive Officer.
The next dividend is payable on January 31, 2020 to shareholders of record at the close of business on December 31, 2019. A new annualized dividend rate of $2.30 per share yields 1.1% at a stock price of $204.
“We continue to deliver strong financial results, and consistent with our stated capital allocation philosophy, are raising our dividend 11%," said Kevin Lobo, Chairman and Chief Executive Officer.
Stryker Corporation is a medical technology company. The company offers products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine. Stryker's products include implants used in hip and knee joint replacements and trauma and extremities surgeries, surgical equipment and navigation systems, endoscopic and communications systems, patient handling, emergency medical equipment and intensive care disposable products and neurosurgical, neurovascular, and spinal implant devices. Stryker was incorporated in Michigan in 1946 as the successor company to a business founded in 1941 by Dr. Homer H. Stryker, a prominent orthopaedic surgeon and the inventor of several medical products.
Comments