ConMed to pay quarterly dividend of 20 cents a share on July 6

UTICA — ConMed Corp. (NYSE: 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. 

The dividend is payable on July 6 to all shareholders of record as of June 15.

ConMed provides surgical devices and equipment for minimally invasive procedures. The firm’s products are used by surgeons and physicians in specialties that include orthopedics, general surgery, gynecology, neurosurgery, thoracic surgery, and gastroenterology.

ConMed reported adjusted net income of more than $15 million, or 51 cents per share, in the first quarter, down from adjusted net income of more than $16 million, or 57 cents, in the same period in 2019. The company said it incurred costs in both 2019 and 2020 related to its 2019 acquisition of Buffalo Filter, LLC.