Zimmer Board of Directors Announces Quarterly Dividend Payment, Stock Repurchase

Warsaw, Ind.-based Zimmer Holdings' board of directors has approved a quarterly dividend payment to stockholders for the fourth quarter of 2013. Zimmer will pay a dividend of $0.20 per share to all stockholders recorded as of the end of the day on Dec. 27. The annual dividend rate is $0.80 per share.

The device company will also have a share repurchase program starting Jan. 1, 2014 that authorizes the purchase of up to $1 billion of common stock with no expiration date.

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