Stryker Raises Its Dividend by 11%

Stryker (SYK) is giving shareholders an 11% pay increase:

Stryker Corporation (SYK) announced that its Board of Directors has declared a quarterly dividend of $0.52 per share payable on January 31, 2019 to shareholders of record at the close of business on December 31, 2018, representing an increase of approximately 11% versus the prior year and the previous quarter.

“We continue to deliver strong financial results, and consistent with our stated capital allocation philosophy, are raising our dividend 11%,” said Kevin A. Lobo, Chairman and Chief Executive Officer.