By Kimberly Chin

Stryker Corp. will raise its quarterly dividend by 11% from the previous year.

The medical-technology company said the new dividend will be 57.5 cents a share, payable on Oct. 30.

Stryker's shares, which have fallen about 4% this year, slipped 0.4% on Thursday to $200.56.

Write to Kimberly Chin at kimberly.chin@wsj.com