December 4, 2009 (FinancialWire) — Stryker Corp.’s (NYSE: SYK) board has authorized the company to repurchase up to $750 million of its common stock. The company had 397.7 million shares of common stock outstanding as of October 31, 2009.

In addition, Stryker’s board has declared its first quarterly dividend of $0.15 per share payable January 29, 2010 to shareholders of record at the close of business on December 30, 2009.

Michigan-based Stryker is a medical technology firm whose products include implants used in joint replacement, trauma, craniomaxillofacial and spinal surgeries; biologics; surgical, neurologic, ear, nose & throat and interventional pain equipment; endoscopic, surgical navigation, communications and digital imaging systems; as well as patient handling and emergency medical equipment.

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