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Stryker board declares 18-cent quarterly dividend

Thu, 06/09/2011 - 12:45pm
The Associated Press

Medical device maker Stryker Corp. said Thursday its board of directors declared a quarterly dividend of 18 cents per share.

The dividend will be payable July 29 to shareholders of record at the close of business June 30. The Kalamazoo company said the payment represents a 20 percent increase compared to the previous year.

Shares of Stryker climbed 34 cents to close Thursday at $58.98.

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