Zimmer Holdings, Inc. Announces 10% Increase in Quarterly Dividend for First Quarter of 2014
WARSAW, Ind., March 5, 2014 /PRNewswire/ -- Zimmer Holdings, Inc. (NYSE and SIX: ZMH), a global leader in musculoskeletal care, today announced that its Board of Directors has approved the payment of an increased quarterly cash dividend to stockholders for the first quarter of 2014. The new payment represents an increase of 10 percent over the dividend declared for the first quarter of 2013.
The increased quarterly cash dividend of $0.22 per share will be paid on April 25, 2014, to stockholders of record as of the close of business on March 28, 2014. Future declarations of dividends are subject to approval of the Board of Directors and may be adjusted as business needs or market conditions change.
About the Company
Founded in 1927 and headquartered in Warsaw, Indiana, Zimmer designs, develops, manufactures and markets orthopaedic reconstructive, spinal and trauma devices, dental implants, and related surgical products. Zimmer has operations in more than 25 countries around the world and sells products in more than 100 countries. Zimmer's 2013 sales were approximately $4.6 billion. The Company is supported by the efforts of more than 9,000 employees worldwide.
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