Stryker raises dividend, adds to stock repurchase
Stryker raises dividend nearly 25 percent and approves repurchase of another $405M in stock
KALAMAZOO, Mich. (AP) -- Medical device maker Stryker Corp. on Wednesday raised its quarterly dividend to 26.5 cents from 21.25 cents per share and said it will repurchase another $405 million in stock.
The company's next dividend is payable Jan. 31 to shareholders of record on Dec. 31.
Stryker said it now has $1 billion available for stock repurchases. It had 380.2 million shares on the market as of Sept. 30.