Cardinal Health, Inc. (CAH) to Distribute Quarterly Dividend of $0.52 on October 15th

Cardinal Health, Inc. (NYSE:CAH) announced a quarterly dividend on Monday, August 10th. Shareholders of record on Thursday, October 1st will be given a dividend of 0.5158 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Thursday, October 1st.

Cardinal Health has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 29 years. Cardinal Health has a payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cardinal Health to earn $12.04 per share next year, which means the company should continue to be able to cover its $2.06 annual dividend with an expected future payout ratio of 17.1%.

Cardinal Health Stock Up 1.2%

NYSE:CAH opened at $240.08 on Wednesday. The company’s 50 day moving average is $228.37 and its 200-day moving average is $216.66. The firm has a market cap of $56.23 billion, a price-to-earnings ratio of 36.71, a P/E/G ratio of 1.16 and a beta of 0.49. Cardinal Health has a 12 month low of $137.75 and a 12 month high of $258.30.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.49. Cardinal Health had a negative return on equity of 92.61% and a net margin of 0.62%.The business had revenue of $63.67 billion during the quarter, compared to analysts’ expectations of $65.15 billion. During the same quarter in the previous year, the firm earned $2.08 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Cardinal Health has set its FY 2027 guidance at 12.400-12.600 EPS. Research analysts predict that Cardinal Health will post 10.77 EPS for the current fiscal year.

About Cardinal Health

Cardinal Health is a multinational healthcare services and products company headquartered in Dublin, Ohio. Tracing its roots to the early 1970s, the company has grown into a major provider of supply chain and distribution services for the healthcare sector. Cardinal Health operates across a range of service lines that support hospitals, health systems, pharmacies, physician offices and clinical laboratories.

The company’s core activities include the wholesale distribution of branded and generic pharmaceuticals, the supply and distribution of medical-surgical products, and the provision of logistics and inventory management solutions.