Stryker (SYK) will raise its quarterly dividend by 10.1 percent to $0.38 per share in 2015. Last year the dividend was hiked by 13.1 percent. Stryker, one of the world`s leading medical technology companies, has increased its dividend every year since 1999.

Stryker Corporation is a medical technology company. The company offers products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine. Stryker's products include  implants used in hip and knee joint replacements and trauma and extremities surgeries,  surgical equipment and navigation systems, endoscopic and communications systems, patient handling, emergency medical equipment and intensive care disposable products and neurosurgical, neurovascular, and spinal implant devices. Stryker was incorporated in Michigan in 1946 as the successor company to a business founded in 1941 by Dr. Homer H. Stryker, a prominent orthopaedic surgeon and the inventor of several medical products.