WARSAW — Zimmer Biomet Holdings Inc., a global leader in musculoskeletal healthcare, announced today, Tuesday, Aug. 23, that its board of directors has approved the payment of a quarterly cash dividend to stockholders for the third quarter of 2016.

The cash dividend of 24 cents per share will be paid on or about Oct. 28, to stockholders of record as of the close of business on Sept. 23.

Future declarations of dividends are subject to approval of the board of directors and may be adjusted as business needs or market conditions change.