Cardinal Health, Inc. (NYSE:CAH) to Issue Quarterly Dividend of $0.52

Cardinal Health, Inc. (NYSE:CAH) declared a quarterly dividend on Wednesday, November 11th. Investors of record on Monday, January 4th will be paid a dividend of $0.5158 per share on Friday, January 15th. This represents a $2.06 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, January 4th.

Cardinal Health has a dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cardinal Health to earn $14.16 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 14.5%.

Cardinal Health Stock Performance

NYSE CAH opened at $277.63 on Thursday. The company has a market capitalization of $64.17 billion, a P/E ratio of 35.92, a P/E/G ratio of 2.12 and a beta of 0.53. Cardinal Health has a one year low of $180.45 and a one year high of $286.29. The stock has a 50 day moving average price of $242.85 and a 200-day moving average price of $224.57.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Thursday, November 5th. The company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.94 by $0.32. The company had revenue of $67.51 billion during the quarter, compared to analyst estimates of $66.67 billion. Cardinal Health had a negative return on equity of 102.72% and a net margin of 0.71%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $2.55 earnings per share. As a group, equities analysts predict that Cardinal Health will post 12.96 EPS for the current fiscal year.

About Cardinal Health

Cardinal Health is a healthcare services and products company that distributes pharmaceuticals and medical supplies. Its customers include pharmacies, hospitals, surgery centers, physician offices and other healthcare providers. The company’s businesses include pharmaceutical distribution and specialty services, as well as the sourcing and distribution of medical and surgical products. Its offerings support areas such as specialty medications, medication management and supply-chain operations. Cardinal Health traces its roots to a wholesale business founded in Ohio in 1971 and later expanded into pharmaceutical distribution.