DENTSPLY SIRONA Inc. Plans Quarterly Dividend of $0.16 (NASDAQ:XRAY)

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Friday, March 28th will be paid a dividend of 0.16 per share by the medical instruments supplier on Friday, April 11th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.73%.

DENTSPLY SIRONA has raised its dividend payment by an average of 14.2% annually over the last three years and has increased its dividend every year for the last 13 years. DENTSPLY SIRONA has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect DENTSPLY SIRONA to earn $1.90 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 33.7%.

DENTSPLY SIRONA Stock Performance

Shares of XRAY opened at $17.15 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.84. DENTSPLY SIRONA has a one year low of $17.09 and a one year high of $34.91. The firm has a market capitalization of $3.41 billion, a PE ratio of -8.28, a price-to-earnings-growth ratio of 1.80 and a beta of 0.96. The company has a 50-day simple moving average of $18.90 and a two-hundred day simple moving average of $21.58.

Analyst Upgrades and Downgrades

XRAY has been the topic of a number of research reports. StockNews.com upgraded shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Barrington Research reduced their target price on DENTSPLY SIRONA from $36.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Leerink Partners cut shares of DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Leerink Partnrs downgraded DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company started coverage on shares of DENTSPLY SIRONA in a research report on Friday, February 14th. They issued an “equal weight” rating and a $20.00 price target on the stock. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, DENTSPLY SIRONA has an average rating of “Hold” and a consensus price target of $24.33.

DENTSPLY SIRONA Company Profile

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform.