Stryker announces 75¢ per share dividend - Mass Device

Stryker (NYSE:SYK) announced contiguous that its committee of directors declared a quarterly dividend of 75¢ per share.

The dividend is payable Jan. 31, 2023, to shareholders of grounds astatine the adjacent of concern connected Dec. 30, 2022. It marks an summation of 7.9% compared to the erstwhile twelvemonth and erstwhile quarter.

“We stay assured successful our maturation outlook, contempt the challenging macroeconomic environment,” said Kevin Lobo, seat & CEO.  “Consequently, we are proceeding with a dependable summation successful our dividend to $0.75 per share, reflecting 7.9% growth.”

The challenging macroeconomic situation includes precocious costs for cardinal components. This situation affected Stryker’s third-quarter earnings, released past month. The Kalamazoo, Michigan-based orthopedic implant shaper bushed the Wall Street gross statement but missed connected earnings. This led to a simplification of its full-year EPS guidance.

Shares of SYK ticked up 1.2% astatine $238.35 apiece successful mid-morning trading today.