Cardinal Health, Inc. Declares Quarterly Dividend of $0.51 (NYSE:CAH)

Cardinal Health, Inc. (NYSE:CAH) announced a quarterly dividend on Tuesday, November 4th. Investors of record on Friday, January 2nd will be given a dividend of 0.5107 per share on Thursday, January 15th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, January 2nd.

Cardinal Health has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 29 years. Cardinal Health has a payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. 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

Cardinal Health stock traded down $0.42 during midday trading on Wednesday, hitting $194.92. 320,273 shares of the stock were exchanged, compared to its average volume of 2,411,796. Cardinal Health has a 1 year low of $113.65 and a 1 year high of $200.14. The firm has a market cap of $46.31 billion, a P/E ratio of 30.30, a P/E/G ratio of 1.39 and a beta of 0.72. The company has a 50 day moving average price of $157.00 and a two-hundred day moving average price of $155.47.

Cardinal Health (NYSE:CAH) last released its quarterly earnings results on Thursday, October 30th. The company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.33. Cardinal Health had a net margin of 0.70% and a negative return on equity of 74.45%. The firm had revenue of $64.01 billion for the quarter, compared to the consensus estimate of $59.41 billion. During the same quarter in the previous year, the firm posted $1.88 EPS. The firm’s quarterly revenue was up 22.4% on a year-over-year basis. Cardinal Health has set its FY 2026 guidance at 9.650-9.850 EPS. As a group, analysts predict that Cardinal Health will post 7.95 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on CAH. Jefferies Financial Group set a $220.00 price objective on shares of Cardinal Health and gave the company a “buy” rating in a research note on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Cardinal Health in a research note on Wednesday, October 8th. Mizuho increased their price objective on shares of Cardinal Health from $170.00 to $210.00 and gave the company an “outperform” rating in a research note on Monday. TD Cowen increased their price objective on shares of Cardinal Health from $183.00 to $225.00 and gave the company a “buy” rating in a research note on Monday. Finally, Evercore ISI increased their price objective on shares of Cardinal Health from $190.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cardinal Health has a consensus rating of “Moderate Buy” and an average price target of $203.31.

About Cardinal Health

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.