DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Plans $0.16 Quarterly Dividend

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) announced a quarterly dividend on Monday, December 15th. Investors of record on Friday, December 26th will be given a dividend of 0.16 per share by the medical instruments supplier on Friday, January 9th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, December 26th.

DENTSPLY SIRONA has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. DENTSPLY SIRONA has a payout ratio of 31.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect DENTSPLY SIRONA to earn $1.90 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 33.7%.

DENTSPLY SIRONA Price Performance

DENTSPLY SIRONA stock traded down $0.17 during midday trading on Monday, reaching $11.40. 3,846,652 shares of the company were exchanged, compared to its average volume of 3,143,486. The firm’s 50-day simple moving average is $11.75 and its 200-day simple moving average is $13.74. DENTSPLY SIRONA has a 1 year low of $9.85 and a 1 year high of $20.59. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of -2.58, a P/E/G ratio of 0.85 and a beta of 1.01. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.99 and a current ratio of 1.47.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its earnings results on Thursday, November 6th. The medical instruments supplier reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The firm had revenue of $904.00 million during the quarter, compared to analysts’ expectations of $900.33 million. DENTSPLY SIRONA had a negative net margin of 24.34% and a positive return on equity of 17.10%. DENTSPLY SIRONA’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the company posted $0.50 earnings per share. DENTSPLY SIRONA has set its FY 2025 guidance at 1.600-1.600 EPS. On average, analysts anticipate that DENTSPLY SIRONA will post 1.84 EPS for the current year.

About DENTSPLY SIRONA

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform.