Stryker declares a $0.80 per share quarterly dividend

Rhea-AI Summary

Stryker (NYSE:SYK) has announced a 6.7% increase in its quarterly dividend to $0.80 per share, payable on January 31, 2024, to shareholders of record as of December 29, 2023. Kevin Lobo, Chair and CEO, stated that this increase aligns with the company's capital allocation strategy, reflecting strong growth and solid financial performance. Stryker is a leading medical technology company offering innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics, and Spine, impacting over 130 million patients annually.

Positive

• 6.7% increase in quarterly dividend
• Strong growth and solid financial performance
• Leading medical technology company impacting over 130 million patients annually

Negative

• None.

Kalamazoo, Michigan, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) announced that its Board of Directors has declared a quarterly dividend of $0.80 per share payable January 31, 2024 to shareholders of record at the close of business on December 29, 2023, representing an increase of 6.7% versus the prior year and previous quarter.

 “We continue to deliver strong growth and solid financial performance, and aligning with our capital allocation strategy we are raising our dividend 6.7%,” 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 Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and healthcare outcomes. Alongside its customers around the world, Stryker impacts more than 130 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 increase announced by Stryker (NYSE:SYK)?

Stryker (NYSE:SYK) has announced a 6.7% increase in its quarterly dividend to $0.80 per share.

When will the increased dividend be payable to shareholders of Stryker (NYSE:SYK)?

The increased dividend will be payable on January 31, 2024, to shareholders of record as of December 29, 2023.

What are the areas of focus for Stryker (NYSE:SYK) in terms of its products and services?

Stryker (NYSE:SYK) offers innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics, and Spine.

How many patients does Stryker (NYSE:SYK) impact annually?

Stryker (NYSE:SYK) impacts over 130 million patients annually with its products and services.