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

Cardinal Health, Inc. (NYSE:CAH) declared a quarterly dividend on Thursday, February 12th. Shareholders of record on Wednesday, April 1st will be paid a dividend of 0.5107 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, April 1st.

Cardinal Health has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 29 consecutive years. Cardinal Health has a dividend 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

Shares of NYSE:CAH traded up $4.91 during trading on Friday, reaching $219.97. 113,262 shares of the company were exchanged, compared to its average volume of 1,801,130. The firm has a market capitalization of $51.76 billion, a PE ratio of 31.71, a P/E/G ratio of 1.45 and a beta of 0.64. The business’s fifty day simple moving average is $208.41 and its 200-day simple moving average is $181.75. Cardinal Health has a 12-month low of $120.72 and a 12-month high of $230.81.

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