Stryker's last quarterly dividend was on Sep 28, 2023 (ex-date) with a distribution of $0.75 per share. On an annualized basis, the company has a current payout of $3 per share. This brings the dividend yield to 1.1% based on its recent close price.
Stryker's dividend yield of 1.1% is below the Healthcare sector, the industry and its peers average. In comparison with its Healthcare sector average of 1.83%, Stryker's dividend yield is 40% lower. The historical 5-year average of SYK's dividend yield is 1.1%, which is similar to the current yield.
Stryker has been paying dividends since 1995. SYK has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 8% since one year ago. But with the stock price up by 33% from a year ago, the dividend yield marks a decrease of 19%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Sep 28, 2023 | Oct 31, 2023 | Aug 2, 2023 | $0.75 | normal |
| Jun 29, 2023 | Jul 31, 2023 | May 10, 2023 | $0.75 | normal |
| Mar 30, 2023 | Apr 28, 2023 | Feb 9, 2023 | $0.75 | normal |
| Dec 29, 2022 | Jan 31, 2023 | Dec 7, 2022 | $0.75 | normal |
| Sep 29, 2022 | Oct 31, 2022 | Aug 3, 2022 | $0.695 | normal |
| Jun 29, 2022 | Jul 29, 2022 | May 4, 2022 | $0.695 | normal |
| Mar 30, 2022 | Apr 29, 2022 | $0.695 | normal | |
| Dec 30, 2021 | Jan 31, 2022 | Dec 9, 2021 | $0.695 | normal |
| Sep 29, 2021 | Oct 29, 2021 | Aug 4, 2021 | $0.63 | normal |
| Jun 29, 2021 | Jul 30, 2021 | May 4, 2021 | $0.63 | normal |
| Mar 30, 2021 | Apr 30, 2021 | Feb 2, 2021 | $0.63 | normal |
| Dec 30, 2020 | Jan 29, 2021 | Dec 2, 2020 | $0.63 | normal |
| Sep 29, 2020 | Oct 30, 2020 | Jul 30, 2020 | $0.575 | normal |
| Jun 29, 2020 | Jul 31, 2020 | May 5, 2020 | $0.575 | normal |
| Mar 30, 2020 | Apr 30, 2020 | Feb 5, 2020 | $0.575 | normal |
| Dec 30, 2019 | Jan 31, 2020 | Dec 4, 2019 | $0.575 | normal |
| Sep 27, 2019 | Oct 31, 2019 | Jul 31, 2019 | $0.52 | normal |
| Jun 27, 2019 | Jul 31, 2019 | May 1, 2019 | $0.52 | normal |
| Mar 28, 2019 | Apr 30, 2019 | Feb 6, 2019 | $0.52 | normal |
| Dec 28, 2018 | Jan 31, 2019 | Dec 4, 2018 | $0.52 | normal |
| Sep 27, 2018 | Oct 31, 2018 | $0.47 | normal | |
| Jun 28, 2018 | Jul 31, 2018 | May 2, 2018 | $0.47 | normal |
| Mar 28, 2018 | Apr 30, 2018 | Feb 7, 2018 | $0.47 | normal |
| Dec 28, 2017 | Jan 31, 2018 | Dec 6, 2017 | $0.47 | normal |
| Sep 28, 2017 | Oct 31, 2017 | Aug 1, 2017 | $0.425 | normal |
| Jun 28, 2017 | Jul 31, 2017 | May 2, 2017 | $0.425 | normal |
| Mar 29, 2017 | Apr 28, 2017 | Feb 8, 2017 | $0.425 | normal |
| Dec 28, 2016 | Jan 31, 2017 | Dec 7, 2016 | $0.425 | normal |
| Sep 28, 2016 | Oct 31, 2016 | Jul 27, 2016 | $0.38 | normal |
| Jun 28, 2016 | Jul 29, 2016 | $0.38 | normal | |
| Mar 29, 2016 | Apr 29, 2016 | $0.38 | normal | |
| Dec 29, 2015 | Jan 29, 2016 | $0.38 | normal | |
| Sep 28, 2015 | Oct 30, 2015 | $0.345 | normal |
Stryker's payout ratio of 42% is above the Healthcare sector average but below the industry average. Compared to its Healthcare sector average of 39.7%, Stryker's payout ratio is 6% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| MDT Medtronic plc | 3.5% | $2.74 | 100.7% |
| BAX Baxter International Inc | 3.07% | $1.16 | N/A |
| JNJ Johnson & Johnson | 2.98% | $4.64 | 93% |
| SYK Stryker Corp | 1.1% | $3 | 42% |
| CNMD CONMED Corp | 0.79% | $0.8 | 27.3% |
Yes, Stryker has paid four dividends in the last 12 months. SYK has been paying dividends since 1995.
SYK hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in December 2023.
Stryker's last regular dividend was on Sep 28, 2023 (ex-date) with the amount of $0.75 per share.
On an annual basis SYK pays $3 per share.
The current dividend yield of Stryker is 1.1%.
Stryker has a quarterly dividend frequency.
Stryker's dividend payout ratio is 42%.
Stryker's dividend yield is lower than the Healthcare sector average.