Stryker Raises Dividend by 12%

Good news for fans of Stryker (SYK). The company just increased its dividend by 12%. The dividend rises from 38 cents to 42.5 cents per share. Stryker has raised its dividend every year since 1993.

“Our 12% increase in the dividend for 2017 reflects the strength of our balance sheet and our consistent capital allocation approach which uses acquisitions, dividends and share repurchases to drive shareholder value,” said Kevin A. Lobo, Chairman and Chief Executive Officer. “Our continued strong performance should enable us to continue to drive future dividend increases roughly at or above our earnings growth.”

The annualized dividend is $1.70 per share which comes to 1.5% based on Wednesday’s closing price. The dividend is payable on January 31, 2017 to shareholders of record at the close of business on December 30, 2016.

Posted by on December 7th, 2016 at 6:19 pm


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