Teleflex Incorporated (NYSE:TFX) Plans Quarterly Dividend of $0.34

Teleflex Incorporated (NYSE:TFX – Get Free Report) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Monday, November 16th will be given a dividend of $0.34 per share by the medical technology company on Thursday, December 31st. This represents a $1.36 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, November 16th.

Teleflex has a payout ratio of 9.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Teleflex to earn $10.89 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 12.5%.

Teleflex Stock Performance

Shares of NYSE:TFX traded up $1.98 on Thursday, hitting $151.85. 1,417,531 shares of the company were exchanged, compared to its average volume of 784,145. Teleflex has a 1-year low of $100.18 and a 1-year high of $156.67. The stock’s 50 day moving average price is $131.62 and its 200 day moving average price is $125.60. The company has a current ratio of 2.60, a quick ratio of 2.12 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $6.43 billion, a P/E ratio of -6.52, a price-to-earnings-growth ratio of 0.94 and a beta of 0.85.

Teleflex (NYSE:TFX – Get Free Report) last released its earnings results on Thursday, November 5th. The medical technology company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.73. Teleflex had a positive return on equity of 11.93% and a negative net margin of 39.67%. The firm had revenue of $567.80 million for the quarter, compared to the consensus estimate of $565.52 million. During the same period in the prior year, the firm earned $3.67 EPS. The firm’s revenue was up .1% on a year-over-year basis. Sell-side analysts predict that Teleflex will post 7.22 EPS for the current year.

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Teleflex Company Profile

(Get Free Report)

Teleflex Incorporated is a global medical technology company that develops, manufactures and markets specialty medical devices. Its products are designed to support healthcare professionals in critical care and procedural settings, including vascular access, interventional cardiology and radiology, anesthesia, respiratory care, emergency medicine, surgical applications and urology.

The company’s portfolio includes catheters, access and closure devices, airway-management products, surgical instruments, pain-management devices and other technologies used in hospitals and outpatient facilities.

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Dividend History for Teleflex (NYSE:TFX)

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