Danaher Corporation (NYSE:DHR) Plans $0.40 Quarterly Dividend

Key Points

• Danaher declared a $0.40 quarterly dividend (annualized $1.60) with record/ex-dividend date on June 26 and payment on July 31, implying a yield of about 0.9%.
• The dividend appears well covered—a current payout ratio of ~18.7% (projected ~17.6% next year)—and Danaher has modestly increased payouts (avg ~0.1% annually over three years, raised in each of the past two years).
• In its latest quarter Danaher beat EPS estimates ($2.06 vs. $1.94) while revenue was slightly below expectations ($5.95B vs. $6.0B), with revenue up 3.7% year-over-year and a net margin of about 14.9%.

Danaher Corporation (NYSE:DHR - Get Free Report) announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Friday, June 26th will be paid a dividend of 0.40 per share by the conglomerate on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, June 26th.

Danaher has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years. Danaher has a dividend payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Danaher to earn $9.11 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 17.6%.

Danaher Price Performance

NYSE DHR opened at $174.07 on Wednesday. The company has a market cap of $123.20 billion, a P/E ratio of 33.82, a P/E/G ratio of 2.33 and a beta of 0.81. Danaher has a 1 year low of $172.34 and a 1 year high of $242.80. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $192.65 and a 200 day simple moving average of $213.03.

Danaher (NYSE:DHR - Get Free Report) last released its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.12. The firm had revenue of $5.95 billion during the quarter, compared to analyst estimates of $6 billion. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The business's revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.88 EPS. On average, sell-side analysts predict that Danaher will post 8.43 EPS for the current year.

About Danaher

Danaher Corporation NYSE: DHR is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher's portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.

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