Stryker Corporation (NYSE:SYK) will begin trading ex-dividend on September 29, 2020. The quarterly dividend payment of $ 0.575 per share is scheduled to be paid on October 30, 2020. The dividend yield based on the latest trading day closing price was 1.12 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Stryker Corporation recently reported second quarter financial results on July 30, 2020, after market close, medical appliances & equipment manufacturer reported income for the second quarter of $ 0.64 per share, from the revenue of $ 2,764.00 million. The quarterly earnings dropped 67.68 percent while revenues lowered 24.27 percent compared with the same quarter last year.
Wall street analysts are predicting, SYK to report 2Q20 income of $ 0.55 per share from revenue of $ 2586.36 million. The bottom line results beat street analysts by $ 0.09 or 16.36 percent, at the same time, top line results outshined analysts by $ 177.64 million or 6.87 percent.
Stock Performance
Shares of Stryker Corporation traded up $ 6.05 or 3.04 percent on Friday, reaching $ 205.01 with volume of 836.00 thousand shares. Stryker Corporation has traded high as $ 205.15 and has cracked $ 196.75 on the downward trend
According to the previous trading day, closing price of $ 205.01, representing a 59.76 % increase from the 52 week low of $ 124.54 and a 12.08 % decrease over the 52 week high of $ 226.30.
The company has a market capital of $ 77.00 billion and is part of the Healthcare sector and Medical Devices industry.
Stryker Corporation operates as a medical technology company. The company operates through three segments: Orthopaedics, MedSurg, and Neurotechnology and Spine. The Orthopaedics segment provides implants for use in hip and knee joint replacements, and trauma and extremities surgeries.
