Stryker declares an $0.84 per share quarterly dividend

Rhea-AI Summary

Stryker (NYSE:SYK) has announced a quarterly dividend increase of 5.0%, declaring a payment of $0.84 per share. The dividend will be payable on January 31, 2025, to shareholders of record as of December 31, 2024. The company's Chair and CEO Kevin Lobo attributed this increase to Stryker's strong financial performance, aligning with their capital allocation priorities.

Positive

• Quarterly dividend increased by 5.0% to $0.84 per share
• Company reports strong financial performance
• Demonstrates commitment to shareholder returns through dividend growth

Negative

• None.

Portage, Michigan, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) announced that its Board of Directors has declared a quarterly dividend of $0.84 per share payable January 31, 2025 to shareholders of record at the close of business on December 31, 2024, representing an increase of 5.0% versus the prior year and previous quarter. 

“We continue to deliver strong financial results, and consistent with our capital allocation priorities we are raising our dividend 5.0%,” said Kevin Lobo, Chair and Chief Executive Officer, Stryker.

About Stryker

Stryker is a global leader in medical technologies and, together with its customers, is driven to make healthcare better. The company offers innovative products and services in MedSurg, Neurotechnology, Orthopaedics and Spine that help improve patient and healthcare outcomes. Alongside its customers around the world, Stryker impacts more than 150 million patients annually. More information is available at www.stryker.com.

Contacts

For investor inquiries please contact:
Jason Beach, Vice President, Finance and Investor Relations at 269-385-2600 or jason.beach@stryker.com 

For media inquiries please contact:
Yin Becker, Vice President, Chief Corporate Affairs Officer at 269-385-2600 or yin.becker@stryker.com

FAQ

What is Stryker's (SYK) new quarterly dividend amount for 2025?

Stryker's new quarterly dividend is $0.84 per share, representing a 5.0% increase from the previous quarter.

When will Stryker (SYK) pay its latest quarterly dividend?

Stryker will pay its quarterly dividend on January 31, 2025, to shareholders of record as of December 31, 2024.

How much did Stryker (SYK) increase its dividend in December 2024?

Stryker increased its quarterly dividend by 5.0% in December 2024.

What is the record date for Stryker's (SYK) January 2025 dividend?

The record date for Stryker's January 2025 dividend is December 31, 2024.