Financial

Zimmer Biomet Holdings Assigned BBB+ Credit Rating (ZBH)

By Nolan Pearson

Zimmer Biomet Holdings (NYSE:ZBH) has earned a “BBB+” credit rating from analysts at Morningstar. The investment research firm’s “BBB+” rating suggests that the company is a moderate default risk. They also gave their stock a four star rating.

Zimmer Biomet Holdings (NYSE:ZBH) opened at 98.54 on Friday. Zimmer Biomet Holdings has a 52-week low of $88.77 and a 52-week high of $121.84. The firm has a 50-day moving average of $98.00 and a 200 day moving average of $107.54. The firm has a market cap of $20.04 billion and a price-to-earnings ratio of 50.02.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be paid a $0.22 dividend. The ex-dividend date is Monday, September 28th. This represents a $0.88 dividend on an annualized basis and a yield of 0.89%.

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