ConMed to pay quarterly dividend of 20 cents in April

Tuesday, February 28, 2017

Source: Central New York Business Journal

UTICA, N.Y. — ConMed Corp. (NASDAQ: CNMD), a Utica–based surgical-device maker, announced Tuesday that its board of directors has declared a cash dividend of 20 cents a share for the latest quarter.

It is payable on April 5 to all shareholders of record as of March 15, according to a company news release.

At its current stock price, the dividend yields about 1.9 percent on an annual basis.

ConMed specializes in surgical devices and equipment for minimally invasive procedures. The company’s products are used by surgeons and physicians in a variety of specialties, including orthopedics, general surgery, gynecology, neurosurgery, and gastroenterology.

The firm has a direct selling presence in 17 countries and international sales account for about half of its total sales. Headquartered in Utica, ConMed employs about 3,300 people worldwide.

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