Teleflex Incorporated (NYSE: TFX - News) announced today that its Board of Directors declared a quarterly cash dividend of $0.34 cents per share of common stock. The dividend is payable June 15, 2009 to shareholders of record at the close of business on May 15, 2009.
Also reports Q1 EPS of $0.76, 13 cents better than the analyst estimate of $0.63. Revenue for the quarter was $469.7 million, versus the consensus of $533.91 million. Core revenue decline by segment was Medical 4%, Aerospace 27%, and Commercial 13%. Affirms its Fiscal Year 2009 outlook.
Disclosure I am long TFX shares.
Nice dividend increase.
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