Dentsply Sirona (XRAY) will raise its quarterly dividend by 10 percent to 11 cents per share in 2021. This follows a dividend hike of 14.3 percent to $0.10 per share announced in august 2019. This is second dividend hike by the dental products maker since 2017.
The next dividend is payable on July 9, 2021 to holders of record as of June 25, 2021. A new annual rate of 44 cents per share yields 0.7% at a stock price of $66.92.
Dentsply Sirona Inc., formerly Dentsply International Inc., is a manufacturer of professional dental products and technologies. Segments are Technologies & Equipment, and Consumables. Dentsply Sirona products include dental implants, CAD/CAM systems, orthodontic clear aligner products, imaging systems, treatment centers, instruments, as well as consumable medical device products. The Consumables segment is engaged in designing, manufacturing, sales and distribution of the Company's Dental Consumable Products, which include preventive, restorative, endodontic and dental laboratory products. It also offers treatment planning and a clear aligner solution delivered directly to a consumer's home. Dentsply has paid a dividend to shareholders every year since at least 1994.