Stryker declares a $0.75 per share quarterly dividend

Rhea-AI Summary

Stryker (NYSE:SYK) has declared a quarterly dividend of $0.75 per share, payable on January 31, 2023, to shareholders of record as of December 30, 2022. This marks a 7.9% increase compared to previous dividends. CEO Kevin Lobo expressed confidence in the company’s growth prospects despite challenging economic conditions, highlighting the steady increase in dividends as a sign of strength. Stryker continues to impact over 100 million patients annually through its innovative medical technologies.

Positive

• Quarterly dividend increased to $0.75 per share.
• 7.9% growth in dividends compared to the prior year.
• Company remains confident in growth despite economic challenges.

Negative

• None.

Kalamazoo, Michigan, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) announced that its Board of Directors has declared a quarterly dividend of $0.75 per share payable January 31, 2023 to shareholders of record at the close of business on December 30, 2022, representing an increase of  7.9% versus the prior year and previous quarter.  

“We remain confident in our growth outlook, despite the challenging macroeconomic environment”, said Kevin Lobo, Chair & CEO.  “Consequently, we are proceeding with a steady increase in our dividend to $0.75 per share, reflecting 7.9% growth”.

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 Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and healthcare outcomes. Alongside its customers around the world, Stryker impacts more than 100 million patients annually.  More information is available at www.stryker.com.

Contacts

For investor inquiries please contact:
Jason Beach, Vice President, Investor Relations at 269-385-2600 or jason.beach@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 for Stryker (SYK) in January 2023?

The dividend amount for Stryker (SYK) is $0.75 per share, payable on January 31, 2023.

When is the payment date for Stryker's dividend?

The payment date for Stryker's dividend is January 31, 2023.

What was the percentage increase in Stryker's dividend?

Stryker's dividend increased by 7.9% compared to the prior year.

Who is eligible for the Stryker dividend payment?

Shareholders of record at the close of business on December 30, 2022, are eligible for the dividend payment.

How many patients does Stryker impact annually?

Stryker impacts over 100 million patients annually through its products and services.