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

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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.

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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)

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