At the end of today, December 21, 2023, Steris STE will distribute a dividend payout of $0.52 per share, translating to an annualized dividend yield of 0.99%. Shareholders who held the stock before the ex-dividend date on November 20, 2023 will benefit from this payout.
Steris Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-20 | 4 | $0.52 | 0.99% | 2023-10-31 | 2023-11-21 | 2023-12-21 |
| 2023-09-05 | 4 | $0.52 | 0.89% | 2023-07-26 | 2023-09-06 | 2023-09-22 |
| 2023-06-13 | 4 | $0.47 | 0.99% | 2023-05-03 | 2023-06-14 | 2023-06-28 |
| 2023-02-23 | 4 | $0.47 | 0.91% | 2023-02-01 | 2023-02-24 | 2023-03-23 |
| 2022-11-21 | 4 | $0.47 | 1.09% | 2022-11-02 | 2022-11-22 | 2022-12-16 |
| 2022-09-06 | 4 | $0.47 | 0.85% | 2022-07-28 | 2022-09-07 | 2022-09-23 |
| 2022-06-13 | 4 | $0.43 | 0.76% | 2022-05-04 | 2022-06-14 | 2022-06-28 |
| 2022-02-24 | 4 | $0.43 | 0.78% | 2022-01-31 | 2022-02-25 | 2022-03-24 |
| 2021-11-22 | 4 | $0.43 | 0.74% | 2021-10-28 | 2021-11-23 | 2021-12-17 |
| 2021-09-02 | 4 | $0.43 | 0.8% | 2021-08-09 | 2021-09-03 | 2021-09-24 |
| 2021-05-27 | 4 | $0.4 | 0.81% | 2021-05-18 | 2021-05-28 | 2021-06-25 |
| 2021-02-23 | 4 | $0.4 | 0.86% | 2021-02-02 | 2021-02-24 | 2021-03-25 |
Steris's dividend yield falls in the middle range when compared to its industry peers, with Medtronic MDT having the highest annualized dividend yield at 3.42%.
Analyzing Steris Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $1.42 in 2019 to $1.80 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Steris
From 2019 to 2022, Steris has demonstrated an upward trend in earnings, with earnings per share rising from $5.34 to $8.05. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
This article delves into the recent dividend payout of Steris and its implications for shareholders. Presently, the company is distributing a dividend of $0.52 per share, leading to an annualized dividend yield of 0.99%.
Steris's dividend yield falls in the middle range when compared to its industry peers, with Medtronic having the highest annualized dividend yield at 3.42%.
Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, Steris appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
[See current stock movements Steris on Benzinga.](https://www.benzinga.com/quote/Steris (NYSE: STE))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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