Stryker Corporation (NYSE:SYK – Get Free Report) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.88 per share by the medical technology company on Friday, October 30th. Stryker has a dividend payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. The Goldman Sachs Group reissued a “neutral” rating and issued a $361.00 target price on shares of Stryker in a report on Friday, May 1st. According to MarketBeat.com, Stryker presently has a consensus rating of “Moderate Buy” and an average target price of $386.28.