Teleflex Incorporated (NYSE:TFX) Announces $0.34 Quarterly Dividend

Teleflex Incorporated (NYSE:TFX) announced a quarterly dividend on Thursday, November 6th. Investors of record on Friday, November 14th will be given a dividend of 0.34 per share by the medical technology company on Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, November 14th.

Teleflex has a dividend payout ratio of 9.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Teleflex to earn $15.18 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 9.0%.

Teleflex Stock Performance

NYSE TFX traded down $16.25 during trading hours on Thursday, reaching $108.50. 2,953,542 shares of the company were exchanged, compared to its average volume of 743,018. Teleflex has a 1 year low of $102.58 and a 1 year high of $203.33. The business’s 50 day simple moving average is $126.36 and its 200-day simple moving average is $123.37. The company has a quick ratio of 1.44, a current ratio of 2.41 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $4.79 billion, a P/E ratio of 25.53, a P/E/G ratio of 1.79 and a beta of 1.05.

Teleflex (NYSE:TFX) last posted its quarterly earnings data on Thursday, November 6th. The medical technology company reported $3.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.29. Teleflex had a net margin of 6.31% and a return on equity of 15.08%. The business had revenue of $892.90 million during the quarter, compared to the consensus estimate of $892.79 million. During the same quarter last year, the company posted $3.49 earnings per share. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. Teleflex has set its FY 2025 guidance at 14.000-14.200 EPS. On average, equities research analysts expect that Teleflex will post 13.98 earnings per share for the current year.

Teleflex Company Profile

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company provides vascular access products that comprise Arrow branded catheters, catheter navigation and tip positioning systems, and intraosseous access systems for the administration of intravenous therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site.