Dentsply Sirona hikes dividend by 12%

On March 6, 2023, Dentsply Sirona (XRAY) announced that it will raise its quarterly dividend by 12 percent to $0.14 per share. This marks 5 straight years of increased dividends by the dental products maker. XRAY also announced a $150 million accelerated share buyback program.

The next XRAY dividend is payable on April 14, 2023, to holders of record at the close of business on March 31, 2023. The ex-date for the next Dentsply Sirona dividend is March 30, 2023. A new annual rate of 56 cents per share yields 1.4% at a stock price of $39.27. XRAY now pays an estimated $120 million annual dividend to shareholders.

Dentsply Sirona Inc., formerly Dentsply International Inc., is a manufacturer of professional dental products and technologies. The Company also manufactures and markets consumable medical device products consisting mainly of urological catheters and certain surgical products.