Zimmer Keeps Dividend Steady

Medical device maker began making payouts to investors last year.

By Rich Duprey – Jun 14, 2013 at 11:21AM EST

Medical device maker Zimmer Holdings (NYSE: ZMH) announced today its second-quarter dividend of $0.20 per share, the same rate it paid last quarter after raising the payout 11% from $0.18 per share.

The board of directors said the quarterly dividend is payable on July 26 to the holders of record at the close of business on June 28. The medical device maker began making payouts to investors in April 2012.

The regular dividend payment equates to an $0.80-per-share annual dividend, yielding 1% based on the closing price of Zimmer Holdings' stock on June 13.

ZMH Dividend data by YCharts.

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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

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Zimmer Keeps Dividend Steady

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