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ConMed to pay Q1 dividend of 20 cents a share in early April

UTICA — ConMed Corp. (NASDAQ: CNMD), a Utica–based surgical-device maker, recently announced that its board of directors has declared a quarterly cash dividend of 20 cents a share for the first quarter. The dividend will be payable on April 6 to all shareholders of record as of March 16. At the company’s current stock price, […]

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The dividend will be payable on April 6 to all shareholders of record as of March 16.

At the company’s current stock price, the dividend yields about 0.8 percent on an annual basis.

ConMed says it’s a medical technology company that provides surgical devices and equipment for minimally invasive procedures. The firm’s products are used by surgeons and physicians in specialties including orthopedics, general surgery, gynecology, neurosurgery, and gastroenterology.

ConMed reported sales of $955.1 million in 2019, up 11.1 percent from

$859.6 million in 2018. The company generated net income of $28.6 million last year, down 30 percent from $40.9 million a year earlier.

Journal Staff