Here are five key notes:
1. The cash dividend is $0.22 per share.
2. The dividend will be paid on Jan. 29, 2016 to stockholders of record at the close of business on Dec. 31, 2015.
3. The dividend is up from Zimmer Biomet’s previous quarterly dividend of $0.18, according to a Dakota Financial News report.
4. Zimmer Biomet’s third quarter revenue was up 59.3 percent year-over-year, reaching $1.76 billion. The company is expected to post $6.85 earnings per share for 2015.
5. Goldman Sachs dropped the share price objective to $117 from $122 in August; DMO Capital Markets reported a similar drop in price objective on the company’s shares from $132 to $120 in October.
More articles on orthopedic devices:
13 spine devices receive FDA 510(k) clearance in November
Google and Johnson & Johnson to form new surgical company: 4 highlights
EOS imaging completes record six installations: 7 things to know
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