DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Plans $0.16 Quarterly Dividend

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Friday, March 28th will be paid a dividend of 0.16 per share by the medical instruments supplier on Friday, April 11th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Friday, March 28th.

DENTSPLY SIRONA has increased its dividend payment by an average of 14.2% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. DENTSPLY SIRONA has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect DENTSPLY SIRONA to earn $1.90 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 33.7%.

DENTSPLY SIRONA Stock Performance

Shares of XRAY stock opened at $16.55 on Friday. The company’s fifty day simple moving average is $18.88 and its 200-day simple moving average is $21.55. DENTSPLY SIRONA has a 52 week low of $16.21 and a 52 week high of $34.91. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72. The company has a market cap of $3.29 billion, a PE ratio of -8.00, a P/E/G ratio of 1.80 and a beta of 0.96.

Wall Street Analysts Forecast Growth

XRAY has been the topic of a number of research reports. Leerink Partnrs downgraded shares of DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Jefferies Financial Group downgraded shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating and cut their target price for the company from $30.00 to $20.00 in a research note on Thursday, January 23rd. Leerink Partners downgraded shares of DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Morgan Stanley dropped their price target on shares of DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Finally, Barrington Research dropped their price target on shares of DENTSPLY SIRONA from $24.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, DENTSPLY SIRONA has a consensus rating of “Hold” and an average target price of $23.58.

About DENTSPLY SIRONA

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform.