This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Top 10 Dividend Stocks

3. Stryker (SYK - Get Report) offers orthopedic implants, as well as medical and surgical equipment. The company's makes implants used in joint replacement, trauma and spinal surgeries, patient handling and emergency medical equipment, endoscopic and communication systems, surgical equipment and surgical navigation systems and other medical devices.

The company has decided to raise its quarterly dividend by 18%, resulting in a quarterly dividend of 21.25 cents per share payable Jan. 31, 2012 to shareholders of record Dec. 29. Moreover, the company has decided to repurchase an additional $500 million common stock. Stryker has a current dividend yield of 1.5% and one-year dividend growth of 20%, according to a recent Bloomberg consensus.

Sales rose 14.9% year-on-year to $2.0 billion during the third quarter of 2011, as compared to $1.8 billion in 2010's same quarter. Net income stood at $327 million, or 84 cents per diluted share, compared to $337 million, or 85 cents per diluted share, in the year-ago quarter.

For full year 2011, the company estimates net revenue growth of 11% to 12%, vs. the earlier forecast of 11% to 13%. However, the company has raised its adjusted diluted net earnings per share to be in the $3.70 to $3.74 range, compared to the previous view of $3.65 to $3.73, up 11% to 12% from adjusted diluted net earnings per share of $3.33 in 2010.

Of the 35 analysts covering the stock, 80% recommend a buy and the rest rate a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg foresee the stock gaining an average 25.6% to $61.02 over the next 12 months.

8 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
LINE $13.19 -0.83%
QCOM $68.55 -0.13%
PG $83.12 0.30%
SLRC $20.23 0.00%
SCCO $29.56 -1.50%


DOW 17,984.95 -49.98 -0.28%
S&P 500 2,100.38 -0.02 -0.00%
NASDAQ 5,018.49 +23.8880 0.48%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs