STERIS plc (STE) to Issue Quarterly Dividend of $0.69 on September 25th

STERIS plc (NYSE:STE – Get Free Report) announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Friday, September 4th will be paid a dividend of 0.69 per share by the medical equipment provider on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 4th. This is a 9.5% increase from STERIS’s previous quarterly dividend of $0.63.

STERIS has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 20 consecutive years. STERIS has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect STERIS to earn $12.24 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 20.6%.

Get STERIS alerts:

STERIS Stock Down 1.1%

STE opened at $228.75 on Friday. The firm’s 50-day simple moving average is $212.99 and its 200-day simple moving average is $226.56. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.54 and a current ratio of 2.09. STERIS has a twelve month low of $195.14 and a twelve month high of $269.44. The firm has a market cap of $22.29 billion, a price-to-earnings ratio of 28.85 and a beta of 0.92.

STERIS (NYSE:STE – Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The medical equipment provider reported $2.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.86 by ($0.03). The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.59 billion. STERIS had a net margin of 13.18% and a return on equity of 14.15%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.74 earnings per share. STERIS has set its FY 2027 guidance at 11.100-11.300 EPS. Equities research analysts anticipate that STERIS will post 11.17 EPS for the current fiscal year.

STERIS Company Profile

(Get Free Report)

STERIS Corporation (NYSE: STE) is a global provider of infection prevention, contamination control and procedural products and services for the healthcare, life sciences, pharmaceutical and medical device industries. The company develops, manufactures and supports a broad portfolio of equipment and consumables designed to reduce risk of infection, maintain sterile environments and support critical clinical and manufacturing procedures.

Its offerings include sterilization and decontamination systems, instrument washers and washers-disinfectors, endoscope reprocessing solutions, surgical equipment and procedural disposables, and contamination-control products for cleanrooms and laboratories.

Recommended Stories

• Five stocks we like better than STERIS
• MarketBeat Week in Review – 07/27- 07/31
• Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
• Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
• Apple’s Record Quarter Could Not Outrun Its Guidance Problem

Receive News & Ratings for STERIS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STERIS and related companies with MarketBeat.com's FREE daily email newsletter.