Stryker (SYK) announced a 50% increase in its annual dividend on Thursday. Stryker pays one dividend during the year. The new annual rate is 33 cents per share versus last years 22 cents per share. The company's 5 -year average payout ratio is approximately 8% with the payout ratio on the new dividend equaling 11.5% based on 2008 estimated earnings of $2.88 per share. The company has an S&P quality ranking of A.
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