Stryker Raises Dividend 11%

Here’s the press release:

Stryker (SYK) announced that its Board of Directors has declared a quarterly dividend of $0.575 per share payable on January 31, 2020 to shareholders of record at the close of business on December 31, 2019, representing an increase of approximately 11% versus the prior year and the previous quarter.

“We continue to deliver strong financial results, and consistent with our stated capital allocation philosophy, are raising our dividend 11%,” said Kevin Lobo, Chairman and Chief Executive Officer.

The old dividend was 52 cents per share. Based on the new dividend, SYK now yields 1.1%.

Posted by on December 4th, 2019 at 3:19 pm


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