Stryker declares a $0.63 per share quarterly dividend

Rhea-AI Summary

Stryker (NYSE:SYK) has declared a quarterly dividend of $0.63 per share, an increase of 9.6% compared to last year, payable on January 29, 2021 to shareholders recorded by December 31, 2020. This decision aligns with Stryker's capital allocation strategy amidst ongoing financial challenges. CEO Kevin Lobo highlighted their commitment to delivering strong financial results and enhancing shareholder value.

Positive

• Quarterly dividend raised by 9.6%, reflecting strong financial performance.
• Confident leadership statement underscores commitment to shareholder returns.

Negative

• None.

Kalamazoo, Michigan, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) announced that its Board of Directors has declared a quarterly dividend of $0.63 per share payable January 29, 2021 to shareholders of record at the close of business on December 31, 2020, representing an increase of 9.6% versus the prior year and previous quarter. 

“We continue to drive solid financial results in a challenging environment, and consistent with our stated capital allocation philosophy, are raising our dividend 9.6%," said Kevin Lobo, Chairman and Chief Executive Officer. 

Stryker is one of the world’s leading medical technology companies and, together with its customers, is driven to make healthcare better. The company offers innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. More information is available at www.stryker.com.

Contacts

For investor inquiries please contact:
Preston Wells, Vice President, Investor Relations at 269-385-2600 or preston.wells@stryker.com 

For media inquiries please contact:
Yin Becker, Vice President, Communications, Public Affairs and Corporate Marketing at 269-385-2600 or yin.becker@stryker.com

FAQ

What is the new dividend amount for Stryker (SYK)?

The new dividend amount for Stryker is $0.63 per share.

When will Stryker's dividend be paid?

Stryker's dividend will be paid on January 29, 2021.

When is the record date for Stryker's dividend?

The record date for Stryker's dividend is December 31, 2020.

How much has Stryker's dividend increased compared to last year?

Stryker's dividend has increased by 9.6% compared to the prior year.