Stryker Corporation (SYK) To Go Ex-Dividend on June 30th

Stryker Corporation (NYSE:SYK) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.88 per share by the medical technology company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, June 30th.

Stryker has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 32 consecutive years. Stryker has a payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Stryker to earn $16.63 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 21.2%.

Stryker Stock Down 1.7%

Shares of SYK traded down $5.06 during midday trading on Friday, hitting $289.17. The stock had a trading volume of 475,738 shares, compared to its average volume of 2,113,881. The company has a 50 day simple moving average of $340.37 and a two-hundred day simple moving average of $355.17. Stryker has a twelve month low of $287.91 and a twelve month high of $404.87. The firm has a market cap of $110.75 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 1.84 and a beta of 0.80. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.11 and a quick ratio of 1.25.

Stryker (NYSE:SYK) last posted its quarterly earnings results on Thursday, April 30th. The medical technology company reported $2.60 EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.38). Stryker had a return on equity of 23.42% and a net margin of 13.20%.The business had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the previous year, the business posted $2.84 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Stryker has set its FY 2026 guidance at 14.900-15.100 EPS. On average, analysts anticipate that Stryker will post 14.98 EPS 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.