Stryker Raises Dividend by 15.1%

I love how Stryker ($SYK) consistently churns out a profit and dividend increases. Today the company announced that they’re raising their quarterly dividend by 15.1%. The payout rises from 26.5 cents to 30.5 cents per share.

“Given our strong balance sheet and cash flow generation, we continue to expand our dividend, which has grown 26% on a compound annual basis since 2008,” said Kevin A. Lobo, President and Chief Executive Officer of Stryker. “We remain committed to pursuing acquisitions for growth while also returning capital to shareholders at meaningful levels through dividends and share buybacks.”

Stryker’s dividend has doubled in just four years. Based on yesterday’s close, SYK yields 1.65%. The new dividend is payable on January 31 to shareholders of record on December 31.

Posted by on December 4th, 2013 at 2:57 pm


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