Teleflex Incorporated (TFX) to Issue Quarterly Dividend of $0.34

Teleflex Incorporated (NYSE:TFX) declared a quarterly dividend on Thursday, November 2nd, RTT News reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.34 per share by the medical technology company on Friday, December 15th. This represents a $1.36 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Tuesday, November 14th.

Teleflex has decreased its dividend payment by an average of 9.1% annually over the last three years. Teleflex has a dividend payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Teleflex to earn $9.67 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 14.1%.

Teleflex (NYSE:TFX) last posted its quarterly earnings results on Thursday, November 2nd. The medical technology company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.00 by $0.12. Teleflex had a return on equity of 16.12% and a net margin of 12.36%. The business had revenue of $534.70 million for the quarter, compared to analyst estimates of $522.94 million. During the same quarter in the previous year, the firm earned $1.80 EPS. The company’s quarterly revenue was up 17.3% compared to the same quarter last year.

In related news, Director Stephen K. M.D. Klasko sold 200 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $241.88, for a total transaction of $48,376.00. Following the completion of the sale, the director now directly owns 8,080 shares of the company’s stock, valued at approximately $1,954,390.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.39% of the stock is currently owned by company insiders.

TFX has been the topic of several analyst reports. Zacks Investment Research upgraded Teleflex from a “hold” rating to a “buy” rating and set a $261.00 price target on the stock in a report on Tuesday, September 12th. BidaskClub lowered Teleflex from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Barclays PLC reiterated an “overweight” rating and set a $253.00 price target (up previously from $230.00) on shares of Teleflex in a report on Tuesday, September 12th. Needham & Company LLC reiterated a “buy” rating on shares of Teleflex in a report on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $253.00 price target (up previously from $230.00) on shares of Teleflex in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $266.75.

WARNING: “Teleflex Incorporated (TFX) to Issue Quarterly Dividend of $0.34” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this news story can be read at https://www.com-unik.info/2017/11/03/teleflex-incorporated-tfx-to-issue-quarterly-dividend-of-0-34.html.

About Teleflex

Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company operates through six segments: Vascular North America; Anesthesia North America; Surgical North America; Europe, the Middle East and Africa (EMEA); Asia, and Original Equipment Manufacturer (OEM).

Dividend History for Teleflex (NYSE:TFX)

What are top analysts saying about Teleflex Incorporated? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Teleflex Incorporated and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit