Stryker Raises Dividend

Good news today from Stryker (SYK). The company is raising its quarterly dividend by 11%. The payout will rise from 42.5 to 47 cents per share. Stryker has raised its dividend every year since 1993.

“Our financial strength is reflected in the 11% increase in our dividend for 2018 as we continue to execute on our capital allocation strategy,” said Kevin A. Lobo, Chairman and Chief Executive Officer. “With strong organic sales growth and leveraged adjusted earnings gains, we believe we are well positioned to continue to deliver dividend increases in line with our adjusted earnings growth.”

The new dividend will be payable on January 31 to shareholders of record on December 29. Based on today’s closing price, SYK now yields 1.24%.

Posted by on December 6th, 2017 at 7:09 pm

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