ResMed Inc. (NYSE:RMD) Plans Quarterly Dividend of $0.66

ResMed Inc. (NYSE:RMD) has declared a quarterly dividend of $0.66 per share, a 10% increase from its previous dividend, payable on September 24 to shareholders of record on August 20. The medical equipment provider's annualized dividend yields approximately 1.3% and is supported by a 22.7% payout ratio. Despite beating earnings estimates with $2.95 EPS and revenue of $1.46 billion, the stock fell 7.3% due to weaker-than-expected future revenue guidance and reduced analyst price targets.