Stryker Co. (SYK) Plans Quarterly Dividend of $0.31
Stryker (NYSE:SYK) announced a quarterly dividend on Monday, July 21st, AmericanBankingNews.com reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.305 per share on Friday, October 31st. This represents a $1.22 annualized dividend and a dividend yield of 1.50%.
SYK has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Stryker in a research note on Monday. They now have a $86.00 price target on the stock. On the ratings front, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Stryker in a research note on Monday. They now have a $90.00 price target on the stock, up previously from $85.00. Finally, analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of Stryker in a research note on Friday. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Stryker currently has a consensus rating of “Hold” and a consensus price target of $85.89.
Stryker (NYSE:SYK) traded down 0.69% on Monday, hitting $81.59. 1,460,955 shares of the company’s stock traded hands. Stryker has a 52-week low of $66.44 and a 52-week high of $86.93. The stock’s 50-day moving average is $84.40 and its 200-day moving average is $80.92. The company has a market cap of $30.906 billion and a P/E ratio of 40.67.
Stryker (NYSE:SYK) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that Stryker will post $4.77 EPS for the current fiscal year.
In other Stryker news, Director Ronda E. Stryker sold 14,000 shares of the company’s stock on the open market in a transaction dated Monday, July 21st. The stock was sold at an average price of $81.33, for a total transaction of $1,138,620.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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