Stryker Corporation (NYSE:SYK) Declares Quarterly Dividend of $0.88

Stryker Corporation (NYSE:SYK) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.88 per share by the medical technology company on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, June 30th.

Stryker has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 32 consecutive years. Stryker has a payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Stryker to earn $16.63 per share next year, which means the company should continue to be able to cover its $3.52 annual dividend with an expected future payout ratio of 21.2%.

Stryker Trading Down 1.3%

SYK stock opened at $290.52 on Friday. The company has a market cap of $111.26 billion, a P/E ratio of 33.58, a PEG ratio of 1.84 and a beta of 0.80. Stryker has a twelve month low of $289.91 and a twelve month high of $404.87. The company has a quick ratio of 1.25, a current ratio of 2.11 and a debt-to-equity ratio of 0.62. The business has a fifty day moving average of $340.37 and a 200-day moving average of $355.17.

Stryker (NYSE:SYK) last released its earnings results on Thursday, April 30th. The medical technology company reported $2.60 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.38). The firm had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.34 billion. Stryker had a return on equity of 23.42% and a net margin of 13.20%.The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.84 EPS. Stryker has set its FY 2026 guidance at 14.900-15.100 EPS. As a group, equities research analysts expect that Stryker will post 14.98 EPS for the current year.

Stryker Company Profile

Stryker Corporation is a global medical technology company that designs, manufactures and markets a broad range of products and services for use in hospitals, surgeons’ offices and other healthcare facilities. Its primary business activities span orthopedics (including joint replacement implants, trauma and extremities products), surgical equipment and operating room technologies (such as visualization, navigation and powered instruments), neurotechnology and spine solutions, and patient-handling and emergency medical equipment.