Stryker Raises Dividend By 18%

The market is down so far today but it’s not too bad. The S&P 500 is currently at 1,255 though we’re up about 10 points from today’s low. The defensive sectors are doing the best today while the cyclicals are pulling up the rear.

There’s not much action today on the Buy List though I want to highlight a few items.

The best news is that Stryker ($SYK) is raising its quarterly dividend from 18 cents per share to 21.25 cents per share. That’s an 18% increase. The new 85-cent annual dividend translates to a yield of 1.75%.

My advice to investors is to not overlook moves like this. We want to look at the overall trends of a business. Bear in mind that Stryker raised its dividend by 20% last year. These things add up.

The other news is that Moody’s may downgrade Leucadia ($LUK), and Gilead ($GILD) just priced $3.7 billion in unsecured notes. That just reminds me of how much I hate the Pharmasset deal.

Posted by on December 7th, 2011 at 2:13 pm


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