CONMED Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

CONMED Corporation (NYSE: CNMD) has declared a quarterly cash dividend of $0.20 per share, payable on July 5, 2022, to shareholders of record as of June 15, 2022. The company specializes in medical technology, providing surgical devices for minimally invasive procedures across various specialties including orthopedics and general surgery. This dividend declaration reflects the company's commitment to return value to its shareholders amidst ongoing market uncertainties, including challenges posed by the COVID-19 pandemic.

Positive

• Quarterly cash dividend of $0.20 per share signifies financial health and shareholder return.

Negative

• Risks posed by COVID-19 impacting business operations and potential deferral of surgeries.

LARGO, Fla.--(BUSINESS WIRE)-- CONMED Corporation (NYSE: CNMD) today announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share, payable on July 5, 2022 to all shareholders of record as of June 15, 2022.

About CONMED Corporation

CONMED is a medical technology company that provides surgical devices and equipment for minimally invasive procedures. The Company’s products are used by surgeons and physicians in a variety of specialties, including orthopedics, general surgery, gynecology, thoracic surgery, and gastroenterology. For more information, visit www.conmed.com.

Forward-Looking Statements

This press release may contain forward-looking statements based on certain assumptions and contingencies that involve risks and uncertainties, which could cause actual results, performance, or trends to differ materially from those expressed in the forward-looking statements herein or in previous disclosures. For example, in addition to general industry and economic conditions, factors that could cause actual results to differ materially from those in the forward-looking statements may include, but are not limited to, the risks posed to the Company’s business, financial condition, and results of operations by the COVID-19 global pandemic and the various government and other responses to the pandemic, including deferral of surgeries, reductions in hospital and ambulatory surgery center operating volumes, disruption to potential supply chain reliability, as well as the risk factors discussed in the Company's Annual Report on Form 10-K for the full year ended December 31, 2021 and listed under the heading Forward-Looking Statements in the Company’s most recently filed Form 10-Q. Any and all forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and relate to the Company’s performance on a going-forward basis. The Company believes that all forward-looking statements made by it have a reasonable basis, but there can be no assurance that management’s expectations, beliefs or projections as expressed in the forward-looking statements will actually occur or prove to be correct.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220524006152/en/

CONMED Corporation

Todd Garner

Chief Financial Officer

727-214-2975

ToddGarner@conmed.com

Source: CONMED Corporation

FAQ

What is the dividend amount declared by CONMED Corporation in 2022?

CONMED Corporation declared a quarterly cash dividend of $0.20 per share.

When is the dividend payable for CONMED Corporation?

The dividend is payable on July 5, 2022.

What is the record date for the dividend payment by CONMED Corporation?

The record date for the dividend payment is June 15, 2022.

How does COVID-19 impact CONMED Corporation's business?

COVID-19 poses risks such as deferral of surgeries and disruptions in supply chain reliability.