UTICA — ConMed Corp.’s (NASDAQ: CNMD) board of directors has declared a quarterly cash dividend of 15 cents a share, payable on Oct. 4 to all shareholders of record as of Sept. 16. 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 in early 2012, and has declared a dividend of 15 cents a share each quarter for seven straight quarters since then.
ConMed, which reported sales of $193 million and net income of $9.5 million in the second quarter of this year, makes surgical devices and equipment for minimally invasive procedures. The company, which employs about 3,600 people worldwide, is estimating it will produce sales of $770 million to $775 million this year.
ConMed’s share price is up more than 12 percent year to date.
Contact Rombel at arombel@cnybj.com