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

STERIS plc (NYSE:STE) declared a quarterly dividend on Thursday, July 30th. Investors 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 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 raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 20 consecutive years. STERIS has a dividend payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect STERIS to earn $12.27 per share next year, which means the company should continue to be able to cover its $2.76 annual dividend with an expected future payout ratio of 22.5%.

STERIS Stock Down 1.4%

STERIS stock opened at $229.37 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.91 and a quick ratio of 1.35. STERIS has a fifty-two week low of $195.14 and a fifty-two week high of $269.44. The firm has a fifty day moving average price of $224.35 and a two-hundred day moving average price of $222.51. The firm has a market cap of $22.36 billion, a price-to-earnings ratio of 28.04 and a beta of 0.91.

STERIS (NYSE:STE) last issued its quarterly earnings results on Wednesday, August 5th. The medical equipment provider reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.10. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. STERIS had a return on equity of 14.34% and a net margin of 13.34%.The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $2.34 earnings per share. STERIS has set its FY 2027 guidance at 11.000-11.300 EPS. As a group, analysts forecast that STERIS will post 11.09 earnings per share for the current year.

About STERIS

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.