Stryker Hikes Dividend by 10%

Stryker (SYK) just raised its quarterly dividend from 57.5 cents per share to 63 cents per share.

Stryker (NYSE:SYK) announced that its Board of Directors has declared a quarterly dividend of $0.63 per share payable January 29, 2021 to shareholders of record at the close of business on December 31, 2020, representing an increase of 9.6% versus the prior year and previous quarter.

“We continue to drive solid financial results in a challenging environment, and consistent with our stated capital allocation philosophy, are raising our dividend 9.6%,” said Kevin Lobo, Chairman and Chief Executive Officer.

Posted by on December 2nd, 2020 at 6:01 pm


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