Smith & Nephew plc (NYSE:SNN – Get Free Report) announced a semi-annual dividend on Monday, July 1st, NASDAQ reports. Investors of record on Friday, October 4th will be paid a dividend of 0.288 per share by the medical equipment provider on Friday, November 8th. This represents a dividend yield of 2.4%. The ex-dividend date is Friday, October 4th. This is a boost from Smith & Nephew’s previous semi-annual dividend of $0.24.
Smith & Nephew has a dividend payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Smith & Nephew to earn $2.07 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 28.0%.
Smith & Nephew Stock Performance
Shares of SNN stock opened at $30.81 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 2.51 and a debt-to-equity ratio of 0.63. The company has a 50-day simple moving average of $30.46 and a 200 day simple moving average of $27.25. Smith & Nephew has a 52 week low of $21.52 and a 52 week high of $31.72.
Wall Street Analysts Forecast Growth
About Smith & Nephew
Smith & Nephew plc, together with its subsidiaries, develops, manufactures, markets, and sells medical devices and services in the United Kingdom and internationally. It operates through three segments: Orthopaedics, Sports Medicine & ENT, and Advanced Wound Management. The company offers knee implant products for knee replacement procedures; hip implants for revision procedures; trauma and extremities products that include internal and external devices used in the stabilization of severe fractures and deformity correction procedures; and other reconstruction products.
Further Reading
- Five stocks we like better than Smith & Nephew
- Investing in Travel Stocks Benefits
- 2 Uranium Stocks Fueling Growth From the Nuclear Power Surge
- Why Invest in High-Yield Dividend Stocks?
- Analysts See 180% Upside for Rent the Runway: Should You Buy?
- Insider Buying Explained: What Investors Need to Know
- Ready for Growth? Barrick Gold Stock Could Be the Answer
Receive News & Ratings for Smith & Nephew Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith & Nephew and related companies with MarketBeat.com's FREE daily email newsletter.