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CMN

Cantel Medical

$75.58

0.2 (0.27%)

10:17
10/14/16
10/14
10:17
10/14/16
10:17

Cantel Medical announces 17% increase in semiannual dividend, new stock symbol

Cantel Medical announced that its Board of Directors approved an increase in its semiannual cash dividend from $0.06 to $0.07 per outstanding share of the Company's Common Stock. The dividend is payable on January 31, 2017 to shareholders of record at the close of business on January 17, 2017."We are pleased to announce the increase in our dividend, which will raise our annual payment from $0.12 to $0.14 per share. This is the 7th consecutive year that we have increased our dividend. The 17% increase demonstrates our strong financial position and our confidence in future performance," stated Charles M. Diker, Chairman of the Board. "We're committed to creating value for our shareholders and the dividend is an important component." Cantel Medical Corp. also announced today that effective December 5, 2016, its trading symbol for common stock listed on the New York Stock Exchange is changing from "CMN" to "CMD".

  • 29

    Nov

CMN Cantel Medical
$75.58

0.2 (0.27%)

11/16/15
PIPR
11/16/15
NO CHANGE
Target $70
PIPR
Overweight
Custom Ultrasonics recall favorable for Cantel, says Piper Jaffray
Piper Jaffray analyst Thomas Gunderson points out that the FDA on Friday issued a statement ordering Custom Ultrasonics to recall all of its automated endoscope reprocessors from health care facilities. The news is "especially favorable" for Cantel Medical as Custom is a major competitor comprising nearly a quarter of the U.S. AER market, Gunderson tells investors in a research note. He reiterates an Overweight rating on Cantel and raised his price target for shares to $70 from $68.
08/24/16
NEED
08/24/16
INITIATION
NEED
Hold
Cantel Medical initiated with a Hold at Needham
Needham analyst Mike Matson initiated Cantel Medical with a Hold citing premium valuation and slowing Endoscopy growth.
08/29/16
BNCH
08/29/16
INITIATION
Target $83
BNCH
Buy
Cantel Medical initiated with a Buy at Benchmark
Target $83.

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