Teleflex Incorporated (NYSE:TFX – Get Free Report) declared a quarterly dividend on Friday, May 15th. Shareholders of record on Monday, May 25th will be paid a dividend of 0.34 per share by the medical technology company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 22nd.
Teleflex has a payout ratio of 9.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Teleflex to earn $10.46 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 13.0%.
Teleflex Trading Up 2.0%
Shares of TFX opened at $133.01 on Wednesday. The stock’s 50-day moving average is $121.39 and its two-hundred day moving average is $116.69. The stock has a market cap of $5.89 billion, a PE ratio of -5.83, a P/E/G ratio of 0.97 and a beta of 0.82. Teleflex has a 12 month low of $100.18 and a 12 month high of $139.67. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.55 and a quick ratio of 2.03.
About Teleflex
Teleflex Incorporated is a diversified global provider of medical technologies, specializing in critical care and surgery. Headquartered in Wayne, Pennsylvania, the company designs, manufactures and distributes devices and solutions used by healthcare professionals in hospital, ambulatory and alternate site settings. Teleflex focuses on delivering products that support complex interventional procedures and improve patient outcomes.
The company’s offerings span several key segments, including Interventional Urology, Respiratory & Anesthesia, Surgical, Cardiac Care, Vascular and Original Equipment Manufacturer (OEM) solutions.
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