Cantel Medical Corp. (CMD) Raises Dividend to $0.09 Per Share

Cantel Medical Corp. (NYSE:CMD) declared a Semi-Annual dividend on Wednesday, November 1st, Zacks reports. Stockholders of record on Wednesday, January 17th will be paid a dividend of 0.085 per share on Wednesday, January 31st. This represents a dividend yield of 0.17%. The ex-dividend date of this dividend is Tuesday, January 16th. This is an increase from Cantel Medical’s previous Semi-Annual dividend of $0.07.

Cantel Medical has a payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cantel Medical to earn $2.71 per share next year, which means the company should continue to be able to cover its $0.17 annual dividend with an expected future payout ratio of 6.3%.

Cantel Medical (NYSE:CMD) opened at $105.79 on Thursday. The company has a market cap of $4,420.00, a P/E ratio of 58.45 and a beta of 1.25. The company has a quick ratio of 1.48, a current ratio of 2.44 and a debt-to-equity ratio of 0.31. Cantel Medical has a 12-month low of $69.21 and a 12-month high of $108.00.

In related news, EVP Eric W. Nodiff sold 2,868 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $97.55, for a total transaction of $279,773.40. Following the completion of the transaction, the executive vice president now directly owns 39,102 shares in the company, valued at approximately $3,814,400.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George L. Fotiades sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $95.23, for a total transaction of $571,380.00. The disclosure for this sale can be found here. 12.30% of the stock is currently owned by insiders.

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Cantel Medical Company Profile

Cantel Medical Corp. is a provider of infection prevention products and services in the healthcare market. The Company’s operating segments include Endoscopy; Water Purification and Filtration; Healthcare Disposables, and Dialysis. Its Endoscopy segment includes medical device reprocessing systems, disinfectants, detergents and other supplies.

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