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BD Board Declares Dividend

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Rhea-AI Summary
BD (Becton, Dickinson and Company) has declared a quarterly dividend of $0.95 per common share, with an indicated annual dividend rate of $3.80 per share. The dividend is payable on March 29, 2024, to holders of record on March 8, 2024.
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The declaration of a quarterly dividend of $0.95 per common share by BD (Becton, Dickinson and Company) is a clear indication of the company's current financial health and its ability to generate sufficient cash flow. The indicated annual dividend rate of $3.80 per share provides a tangible return to shareholders and is a critical factor in the total shareholder return equation. Dividends are often viewed as a sign of a company's stability and maturity and can influence investor perception and stock valuation. In the short-term, such announcements can lead to positive market reactions if the dividend is in line with or exceeds market expectations.

From a long-term perspective, consistent dividend payments can attract a stable investor base that prioritizes income, particularly in volatile market conditions. However, it is essential to analyze the payout ratio to assess the sustainability of these dividends. A payout ratio that is too high might indicate that the company is returning more money to shareholders than it can afford, which could be unsustainable in the long term. Conversely, a low payout ratio could suggest that the company is reinvesting in growth opportunities, which may be more beneficial for future valuation.

Within the medical technology industry, dividends can also reflect a company's lifecycle stage. BD's dividend announcement may signal that it has moved past aggressive growth phases and is now generating consistent revenues and cash flows. It's important for investors to consider the growth trajectory of medical technology companies, as they often reinvest heavily in research and development (R&D) during their growth phase. A shift towards regular dividend payments could imply a transition to focusing on profitability and shareholder returns.

Additionally, the dividend yield, calculated by dividing the annual dividend by the stock's current price, is a key metric for comparing BD's performance with its peers. A competitive yield can make BD's stock more attractive to income-focused investors compared to other stocks in the medical technology sector. However, investors should also consider the company's growth prospects, as a high yield may not compensate for slower growth in stock price appreciation.

FRANKLIN LAKES, N.J., Jan. 23, 2024 /PRNewswire/ -- The Board of Directors of BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, today announced it has declared a quarterly dividend of $0.95 per common share, payable on March 29, 2024 to holders of record on March 8, 2024. The indicated annual dividend rate is $3.80 per share.

About BD
BD is one of the largest global medical technology companies in the world and is advancing the world of health by improving medical discovery, diagnostics and the delivery of care. The company supports the heroes on the frontlines of health care by developing innovative technology, services and solutions that help advance both clinical therapy for patients and clinical process for health care providers. BD and its more than 70,000 employees have a passion and commitment to help enhance the safety and efficiency of clinicians' care delivery process, enable laboratory scientists to accurately detect disease and advance researchers' capabilities to develop the next generation of diagnostics and therapeutics. BD has a presence in virtually every country and partners with organizations around the world to address some of the most challenging global health issues. By working in close collaboration with customers, BD can help enhance outcomes, lower costs, increase efficiencies, improve safety and expand access to health care. For more information on BD, please visit bd.com or connect with us on LinkedIn at www.linkedin.com/company/bd1/, X (formerly Twitter) @BDandCo or Instagram @becton_dickinson

Contacts:


Media:

Investors:                                               

Troy Kirkpatrick                                                                                                 

Adam Reiffe

VP, Public Relations                                       

Sr. Director, Investor Relations

858.617.2361                                                           

201.847.6927   

troy.kirkpatrick@bd.com                                             

adam.reiffe@bd.com     

Cision View original content:https://www.prnewswire.com/news-releases/bd-board-declares-dividend-302042475.html

SOURCE BD (Becton, Dickinson and Company)

FAQ

What is the dividend per common share declared by BD (Becton, Dickinson and Company)?

BD (Becton, Dickinson and Company) has declared a quarterly dividend of $0.95 per common share.

When is the dividend payable to the shareholders of BD (Becton, Dickinson and Company)?

The dividend is payable on March 29, 2024, to holders of record on March 8, 2024.

What is the indicated annual dividend rate for BD (Becton, Dickinson and Company)?

The indicated annual dividend rate is $3.80 per share for BD (Becton, Dickinson and Company).

Becton, Dickinson and Co.

NYSE:BDX

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67.80B
288.20M
0.31%
89.29%
1.01%
Surgical and Medical Instrument Manufacturing
Manufacturing
Link
United States of America
FRANKLIN LAKES

About BDX

Becton, Dickinson and Company is a global medical technology company. The Company is engaged in the development, manufacture and sale of a range of medical supplies, devices, laboratory equipment and diagnostic products used by healthcare institutions, physicians, life science researchers, and others.