On 10 December, Stryker (SYK) increased its quarterly dividend by 5%, from 80¢ to 84¢ per share.
The dividend will be paid on 31 January 2025 to shareholders of record on 31 December 2024. The ex-dividend date is 31 December 2024.
SYK's contribution to DivGro's projected annual dividend income will increase by $8 to $168.
I own 50 shares of SYK at an average cost basis of $320.56 per share. Following this increase, my yield on cost is 1.05%. (SYK's forward yield is 0.90% at $374.60 per share).
Since opening my position in August 2019, the stock has generated a total return of 18%, including $239.20 in dividend income. That's a solid annualized rate of return of only 11.7%.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $2.135 | $2.355 | $2.585 | $2.835 | $3.050 | ⬆ | $3.240✝ |
| 10.62% | 10.30% | 9.77% | 9.67% | 7.58% | ⬇ | 6.23% |
| 5-year DGR: | 9.58% | ⬇ | 8.70% | |||
✝projected, assuming no further changes
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