Stryker declares a $0.695 per share quarterly dividend

Rhea-AI Summary

Stryker (NYSE:SYK) announced a quarterly dividend increase to $0.695 per share, payable on January 31, 2022, to shareholders of record as of December 31, 2021. This marks a 10.3% increase compared to the previous year and quarter. CEO Kevin Lobo emphasized the company's strong sales growth and solid financial results, aligning with their capital allocation strategy. Stryker is recognized as a leading medical technology firm, focused on improving healthcare through innovative products across Orthopaedics, Medical and Surgical, and Neurotechnology and Spine.

Positive

• 10.3% increase in quarterly dividend from the previous year and quarter.
• Strong sales growth reported despite challenging market conditions.
• Alignment with stated capital allocation strategy indicates company confidence.

Negative

• None.

Kalamazoo, Michigan, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) announced that its Board of Directors has declared a quarterly dividend of $0.695 per share payable January 31, 2022 to shareholders of record at the close of business on December 31, 2021, representing an increase of 10.3% versus the prior year and previous quarter.  

“Despite a challenging environment, we continue to deliver strong sales growth and drive solid financial results, and consistent with our stated capital allocation philosophy, we are raising our dividend 10.3%,” said Kevin Lobo, Chair 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, Chief Corporate Affairs Officer at 269-385-2600 or yin.becker@stryker.com

FAQ

What is the dividend amount declared by Stryker for January 2022?

Stryker declared a quarterly dividend of $0.695 per share, payable on January 31, 2022.

What is the percentage increase of Stryker's dividend?

The dividend was increased by 10.3% compared to the prior year and quarter.

When is the record date for Stryker's dividend?

The record date for the dividend is December 31, 2021.