Cantel Medical Corp. (NYSE:CMD) Announces Semi-Annual Dividend of $0.10

Cantel Medical Corp. (NYSE:CMD) announced a Semi-Annual dividend on Wednesday, June 26th, Zacks reports. Investors of record on Wednesday, July 17th will be paid a dividend of 0.10 per share on Wednesday, July 31st. The ex-dividend date is Tuesday, July 16th.

Cantel Medical has a payout ratio of 7.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cantel Medical to earn $2.62 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 7.6%.

Shares of NYSE:CMD opened at $80.70 on Monday. The firm has a market cap of $3.37 billion, a P/E ratio of 32.15 and a beta of 1.12. The company has a 50 day moving average price of $75.37. The company has a quick ratio of 1.45, a current ratio of 2.33 and a debt-to-equity ratio of 0.34. Cantel Medical has a fifty-two week low of $63.47 and a fifty-two week high of $99.68.

Cantel Medical (NYSE:CMD) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. The business had revenue of $228.55 million for the quarter, compared to the consensus estimate of $225.95 million. Cantel Medical had a net margin of 6.95% and a return on equity of 15.52%. On average, equities analysts anticipate that Cantel Medical will post 2.35 earnings per share for the current year.

Cantel Medical Company Profile

Cantel Medical Corp. provides infection prevention and control products and services for the healthcare market. The company's Endoscopy segment offers automated endoscope reprocessing systems; infectants and sterilants; detergents; leak testing and manual cleaning products; storage cabinets, transport systems, and mobile medical carts; manual cleaning products; endoscope process tracking products; other consumables, accessories, and supplies for use in disinfect rigid endoscopes, flexible endoscopes, and other instrumentation; and technical maintenance services.

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Dividend History for Cantel Medical (NYSE:CMD)

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