Cantel Medical Corp. (CMD) Raises Dividend to $0.10 Per Share

Share on StockTwits

Cantel Medical Corp. (NYSE:CMD) declared a Semi-Annual dividend on Wednesday, December 19th, Zacks reports. Shareholders of record on Thursday, January 17th will be paid a dividend of 0.10 per share on Thursday, January 31st. The ex-dividend date of this dividend is Wednesday, January 16th. This is an increase from Cantel Medical’s previous Semi-Annual dividend of $0.09.

Cantel Medical has a payout ratio of 7.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cantel Medical to earn $2.92 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 6.8%.

Shares of NYSE:CMD opened at $78.64 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. Cantel Medical has a one year low of $69.36 and a one year high of $130.92. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 31.33 and a beta of 1.21.

Cantel Medical (NYSE:CMD) last announced its quarterly earnings results on Thursday, November 29th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Cantel Medical had a net margin of 9.87% and a return on equity of 16.73%. The firm had revenue of $225.59 million during the quarter, compared to the consensus estimate of $227.70 million. On average, equities analysts expect that Cantel Medical will post 2.6 earnings per share for the current fiscal year.

CMD has been the subject of a number of research analyst reports. Raymond James dropped their price objective on shares of Cantel Medical from $115.00 to $108.00 and set an “outperform” rating for the company in a report on Friday, September 28th. Sidoti dropped their price objective on shares of Cantel Medical from $142.00 to $120.00 and set a “buy” rating for the company in a report on Friday, September 28th. Finally, ValuEngine downgraded shares of Cantel Medical from a “buy” rating to a “hold” rating in a report on Friday, September 28th.

TRADEMARK VIOLATION NOTICE: “Cantel Medical Corp. (CMD) Raises Dividend to $0.10 Per Share” was originally published by Week Herald and is the sole property of of Week Herald. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://weekherald.com/2019/01/11/cantel-medical-corp-cmd-raises-dividend-to-0-10-per-share.html.

About Cantel Medical

Cantel Medical Corp. provides infection prevention and control products and services for the healthcare market. The company's Endoscopy segment offers automated endoscope reprocessing systems; infectants and sterilants; detergents; leak testing and manual cleaning products; storage cabinets, transport systems, and mobile medical carts; manual cleaning products; endoscope process tracking products; other consumables, accessories, and supplies for use in disinfect rigid endoscopes, flexible endoscopes, and other instrumentation; and technical maintenance services.

Further Reading: Net Asset Value

Dividend History for Cantel Medical (NYSE:CMD)

Receive News & Ratings for Cantel Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cantel Medical and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply