Cardinal Health, Inc. (NYSE:CAH) Raises Dividend to $0.52 Per Share

Cardinal Health, Inc. (NYSE:CAH) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Wednesday, July 1st will be paid a dividend of 0.5158 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, July 1st. This is a 1.0% increase from Cardinal Health’s previous quarterly dividend of $0.51.

Cardinal Health has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 29 consecutive years. Cardinal Health has a payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cardinal Health to earn $11.77 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 17.3%.

Cardinal Health Price Performance

Shares of Cardinal Health stock opened at $188.85 on Wednesday. Cardinal Health has a 1 year low of $137.75 and a 1 year high of $233.60. The firm has a market cap of $44.23 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 1.17 and a beta of 0.53. The company has a 50-day moving average of $213.19 and a 200 day moving average of $206.47.

Cardinal Health (NYSE:CAH) last posted its quarterly earnings data on Thursday, April 30th. The company reported $3.17 EPS for the quarter, topping the consensus estimate of $2.79 by $0.38. Cardinal Health had a net margin of 0.62% and a negative return on equity of 92.61%. The business had revenue of $60.94 billion for the quarter, compared to analyst estimates of $62.10 billion. During the same quarter in the previous year, the firm posted $2.35 earnings per share. Cardinal Health’s quarterly revenue was up 11.0% on a year-over-year basis. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. On average, equities analysts anticipate that Cardinal Health will post 10.76 EPS for the current 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.