Top 5 Dividend Champions of 2021 (Part I)

24. Stryker Corporation (NYSE: SYK)

Dividend Yield: 1.03%

Stryker sells medical technology, including orthopedic, medical and surgical, and neurotechnology and spine products. It also makes reconstructive systems and implants for hip and knee. The company recently acquired musculoskeletal care and sensor technology provider OrthoSensor.

At the end of the third quarter, 48 hedge funds tracked by Insider Monkey held stakes in Stryker. The total value of these stakes is $1.72 billion.

In one of their investor letters, Amana Mutual Fund highlighted a few stocks and Stryker Corp (NYSE:SYK) is one of them. Here is what Amana Mutual Fund stated:

“Stryker, maker of the Mako knee-replacement surgical robot, was a relatively poor performer despite being in Health Care, since elective surgeries have largely been canceled.”