Cardinal Health, Inc. (CAH) to Issue Quarterly Dividend of $0.51 on April 15th

Cardinal Health, Inc. (NYSE:CAH) declared a quarterly dividend on Thursday, February 12th. Shareholders of record on Wednesday, April 1st will be given a dividend of 0.5107 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, April 1st.

Cardinal Health has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 29 years. Cardinal Health has a dividend payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cardinal Health to earn $8.95 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 22.8%.

Cardinal Health Price Performance

NYSE CAH opened at $206.61 on Monday. The company has a fifty day moving average price of $217.41 and a 200-day moving average price of $196.77. The firm has a market cap of $48.62 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 1.33 and a beta of 0.65. Cardinal Health has a 1 year low of $120.72 and a 1 year high of $233.60.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Thursday, February 5th. The company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.32. Cardinal Health had a net margin of 0.68% and a negative return on equity of 92.50%. The company had revenue of $65.63 billion for the quarter, compared to analyst estimates of $64.88 billion. During the same period last year, the firm earned $1.93 earnings per share. The firm’s revenue was up 18.8% on a year-over-year basis. On average, research analysts anticipate that Cardinal Health will post 7.95 EPS for the current fiscal year.

Cardinal Health Company Profile

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.