Zimmer Holdings (NYSE:ZMH) has decided not to stray from its existing dividend policy.

The company today declared a distribution of $0.20 per share for its Q3; this is to be paid on or about Oct. 25 to shareholders of record as of Sept. 27. That amount matches both of the firm's two preceding disbursements, the most recent of which was paid at the end of July. Prior to that, Zimmer Holdings dispensed $0.18 per share.

The company is a relative newcomer to dividend payments, having initiated them with an $0.18 per-share payout in April 2012.

The just-declared dividend annualizes to $0.80 per share. That yields just under 1% at Zimmer Holdings' current stock price of $80.76.


Fool contributor Eric Volkman has no position in Zimmer Holdings. The Motley Fool owns shares of Zimmer Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.