Stryker Corporation to Issue Quarterly Dividend of $0.88 (NYSE:SYK)

Stryker Corporation (NYSE:SYK) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.88 per share by the medical technology company on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 30th.

Stryker has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 32 years. Stryker has a payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Stryker to earn $16.75 per share next year, which means the company should continue to be able to cover its $3.52 annual dividend with an expected future payout ratio of 21.0%.

Stryker Stock Performance

NYSE SYK opened at $337.69 on Thursday. The stock has a 50-day simple moving average of $318.85 and a two-hundred day simple moving average of $334.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.33 and a current ratio of 2.16. The firm has a market capitalization of $129.53 billion, a P/E ratio of 35.20, a PEG ratio of 2.14 and a beta of 0.76. Stryker has a fifty-two week low of $281.00 and a fifty-two week high of $396.86.

Stryker (NYSE:SYK) last posted its quarterly earnings data on Thursday, July 30th. The medical technology company reported $3.69 EPS for the quarter, beating analysts’ consensus estimates of $3.49 by $0.20. The business had revenue of $6.59 billion during the quarter, compared to analysts’ expectations of $6.58 billion. Stryker had a return on equity of 23.63% and a net margin of 14.43%.The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.13 earnings per share. Stryker has set its FY 2026 guidance at 14.950-15.100 EPS. On average, equities analysts forecast that Stryker will post 15.02 earnings per share for the current year.

About Stryker

Stryker Corporation is a global medical technology company that designs, manufactures and markets a broad range of products and services for use in hospitals, surgeons’ offices and other healthcare facilities. Its primary business activities span orthopedics (including joint replacement implants, trauma and extremities products), surgical equipment and operating room technologies (such as visualization, navigation and powered instruments), neurotechnology and spine solutions, and patient-handling and emergency medical equipment.