Ticker: SYK
Current Price: $262.34
Dividend Yield: 0.94%
Dividend Frequency: Paid Quarterly
Background
Stryker Corporation was founded in 1941 by an orthopedic surgeon who saw that medical products were not meeting his patients' needs. Today, the company has grown into a Fortune 500 company that is a leader in medical technology worldwide. The company has 40,000+ employees, owns 10,000+ patents globally, and offers 50,000+ medical products.
Financials
- Revenue: $16.25 Billion
- Net Income: $2.08 Billion
- Profit Margin: 12.82%
- Total Cash: $2.32 Billion
- Total Debt: $13.16 Billion
- Current Ratio: 2.12
- PE Ratio: 49.14
- More Key Statistics Here
Growth & Dividends
Here is performance over the last 20 years with dividends reinvested compared to the S&P 500 index, and here is with dividends held as income. The bottom of the page shows income growth from a $10,000 investment made in the year 2000. The investor's dividend yield grew from 0.23% in 2000 to 13.53% in 2020. On average, Stryker has increased its dividend by 13% annually over the last 10 years; see dividend history here. Simply Wall St also did an analysis of the company's dividend to see if payments are reliable and sustainable. Stryker's dividend equated to 45% of its profit or 31% of its free cash flow which is a comfortable payout level showing signs of sustainability for their dividend. Stryker has also had an average increase of 7.7% in earning per share over the last 5 years which shows potential for continued dividend increases. The current figures show that Stryker is being conservative with dividend payouts and still have room to reinvest into the business.
Submitted October 05, 2021 at 12:19AM by mike_oc23 https://ift.tt/3a4Jc5h
