UTICA — ConMed Corp.’s (NASDAQ: CNMD) board of directors has declared a quarterly cash dividend of 15 cents per share, payable on April 5 to all shareholders of record as of March 15. At its current stock price, that equals an annual dividend yield of about 1.9 percent.
ConMed, a Utica–based surgical-device maker, began paying dividends last year, paying out 15 cents a share each quarter for a total of 60 cents a share for the full year. The company said its board also expects to pay out 60 cents a share in total dividends this year.
ConMed, which reported sales of $767.1 million in 2012, makes surgical devices and equipment for minimally invasive procedures and employs 3,600 people worldwide. The company is estimating it will produce sales of $785 million to $795 million this year.
(Sponsored)
Important Tax Law Changes To Be Aware Of
Effective planning for your construction business not only includes understanding the items that impact your operations but also the results that taxation on your profits will have on your net
Finding the Right Business Banking Partner: 4 Considerations to Support your Search
In today’s increasingly dynamic and competitive business environment, finding the right banking partner to meet the needs of your business is critical to your success. Banks are not one-size-fits-all and
Contact Rombel at arombel@cnybj.com
