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Business

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Zimmer hikes quarterly dividend

Orthopedic products maker Zimmer Holdings Inc. has raised the quarterly dividend it pays shareholders by two cents, to 20 cents per share.

The Warsaw-based company said Friday that the increased dividend will be paid April 26 to shareholders of record as of the close of business on March 29.

The company said in January its fourth-quarter earnings fell 2 percent, to $152.8 million, or 88 cents per share.

Its shares slipped 14 cents, to $74.75, in morning trading Friday. They are near their 52-week high of $76.75, and traded as low as $57.46 during the last year.

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