Zimmer will pay a dividend of $0.20 per share to all stockholders recorded as of the end of the day on Dec. 27. The annual dividend rate is $0.80 per share.
The device company will also have a share repurchase program starting Jan. 1, 2014 that authorizes the purchase of up to $1 billion of common stock with no expiration date.
More Articles on Devices:
Mazor Robotics Joins Tel Aviv Stock Exchange
3-D Printing for Medical Devices to Grow 15.4% Over 6 Years to $965M
Intellirod Spine Receives $1.6M From Ohio Commercial Acceleration Loan Fund
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
