Stryker Raises Dividend by 10%

This morning, Stryker (SYK) announced that they’re raising their dividend by 10%. The quarterly payout will rise from 34.5 cents to 38 cents per share.

“As part of our capital allocation strategy, we are committed to consistent growth in our dividend which is reflected in the announced 10% increase for 2016,” said Kevin. A. Lobo, Chairman and Chief Executive Officer. “We will continue to utilize our balance sheet for acquisitions that support our growth goals, dividends and share repurchases to help drive shareholder value.”

The annual dividend is now $1.52 per share. Based on Wednesday’s close, that works out to a yield of 1.63%. Since 1991, their dividend is up 243 fold.

Posted by on December 10th, 2015 at 10:12 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.