Smith & Nephew SNATS, Inc. (NYSE:SNN – Get Free Report) declared a dividend on Tuesday, August 4th. Shareholders of record on Friday, October 2nd will be paid a dividend of 0.312 per share by the medical equipment provider on Friday, November 6th. This represents a yield of 205.0%. The ex-dividend date is Friday, October 2nd.
Smith & Nephew SNATS has a payout ratio of 42.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Smith & Nephew SNATS to earn $2.48 per share next year, which means the company should continue to be able to cover its $0.93 annual dividend with an expected future payout ratio of 37.5%.
Smith & Nephew SNATS Stock Performance
Shares of Smith & Nephew SNATS stock traded down $0.80 during trading hours on Wednesday, reaching $29.64. 216,198 shares of the company’s stock were exchanged, compared to its average volume of 1,188,779. Smith & Nephew SNATS has a 52-week low of $28.56 and a 52-week high of $38.79. The company has a fifty day moving average of $30.45 and a 200-day moving average of $32.18. The company has a current ratio of 2.57, a quick ratio of 1.25 and a debt-to-equity ratio of 0.60.
Hedge Funds Weigh In On Smith & Nephew SNATS
About Smith & Nephew SNATS
Smith & Nephew plc is a global medical technology company specializing in the design, development and manufacture of advanced surgical devices, orthopaedic reconstruction implants, trauma and extremities products, sports medicine solutions and wound care therapies. Founded in 1856 in Hull, United Kingdom, the company has grown through both organic innovation and strategic acquisitions to offer a broad portfolio that addresses patient needs across joint replacement, minimally invasive surgery and wound healing.
In its orthopaedics business, Smith & Nephew provides hip and knee replacement systems, modular joint revision implants and biologic solutions for bone repair.
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