Danaher Corporation (DHR) will raise its quarterly dividend by 19% to 25 cents per share in 2022. This follows a dividend hike of 16.7 percent to 21 cents per share announced by DHR in 2021 and marks 6 years of dividend growth by the medical and industrial conglomerate.
The increased DHR dividend is payable on April 29, 2022 to holders of record on March 25, 2022. A new annualized dividend rate of $1.00 per share yields 0.4% at a stock price of $240.45.
Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial products and services. Danaher’s business consists of four segments: Life Sciences; Diagnostics; Dental; and Environmental & Applied Solutions. Danaher Corporation, originally DMG, Inc., was organized in 1969 as a Massachusetts real estate investment trust. In 1978 it was reorganized as a Florida corporation under the name Diversified Mortgage Investors, Inc. which in a second reorganization in 1980 became a subsidiary of a newly created holding company named DMG, Inc. DMG, Inc. adopted the name Danaher in 1984 and was reincorporated as a Delaware corporation in 1986.