Dividend Watch: What is Convatec and Why is it Soaring?

From Morningstar: 2024-11-15 05:37:18

Convatec, a dividend payer, increased its 2024 guidance after exceeding revenue growth expectations. Organic revenue growth for the first 10 months of 2024 was 7.7%, higher than the expected 5% to 7%. The company’s adjusted operating profit margins rose by 21.5%, citing product diversity, new launches, and operational efficiency as key factors. Convatec stock is up 2.56% year to date at £2.48. Dividend payment was 1.42p as of October 4, 2024.



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