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.
Contact Rombel at arombel@cnybj.com
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