SYK Stryker Corp

By Colin Kellaher

Stryker Corp. on Thursday said its board raised the quarterly dividend by 10.3%, to 69.5 cents from 63 cents.

The new payout, equal to $2.78 a year, represents an annual yield of about 1.06% based on Wednesday's closing price of $261.28, up from about 0.96%.

The Kalamazoo, Mich., medical-devices maker said the increased dividend is payable Jan. 31 to shareholders of record Dec. 31.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

December 09, 2021 08:25 ET (13:25 GMT)

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