DENTSPLY SIRONA Inc. (XRAY) to Issue Quarterly Dividend of $0.16 on January 9th

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) announced a quarterly dividend on Wednesday, December 10th. Stockholders of record on Friday, December 26th will be paid a dividend of 0.16 per share by the medical instruments supplier on Friday, January 9th. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Friday, December 26th.

DENTSPLY SIRONA has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 13 consecutive years. DENTSPLY SIRONA has a dividend payout ratio of 31.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect DENTSPLY SIRONA to earn $1.90 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 33.7%.

DENTSPLY SIRONA Stock Down 1.6%

XRAY opened at $11.08 on Wednesday. The firm has a market cap of $2.21 billion, a P/E ratio of -2.51, a PEG ratio of 0.82 and a beta of 1.01. The business’s fifty day simple moving average is $11.61 and its 200 day simple moving average is $13.51. DENTSPLY SIRONA has a 52 week low of $9.85 and a 52 week high of $20.59. The company has a quick ratio of 0.99, a current ratio of 1.47 and a debt-to-equity ratio of 1.36.

DENTSPLY SIRONA (NASDAQ:XRAY) last announced its earnings results on Thursday, November 6th. The medical instruments supplier reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08). DENTSPLY SIRONA had a negative net margin of 24.34% and a positive return on equity of 17.10%. The firm had revenue of $904.00 million during the quarter, compared to analyst estimates of $900.33 million. During the same period in the previous year, the firm posted $0.50 EPS. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. DENTSPLY SIRONA has set its FY 2025 guidance at 1.600-1.600 EPS. As a group, equities research analysts anticipate that DENTSPLY SIRONA will post 1.84 EPS for the current fiscal year.

About DENTSPLY SIRONA

Dentsply Sirona Inc (NASDAQ: XRAY) is a leading global manufacturer of professional dental products and technologies. The company, formed through the merger of Dentsply International and Sirona Dental Systems in February 2016, brings together a long heritage of innovation in dental care. Headquartered in Charlotte, North Carolina, Dentsply Sirona develops and markets a comprehensive range of dental consumables, laboratory products, and advanced imaging and CAD/CAM systems.

The company’s product portfolio spans preventive, restorative, orthodontic, endodontic and surgical care.