Labcorp Holdings Inc. (LH) to Issue Quarterly Dividend of $0.72 on September 11th

Labcorp Holdings Inc. (NYSE:LHGet Free Report) declared a quarterly dividend on Thursday, July 9th. Investors of record on Friday, August 28th will be paid a dividend of 0.72 per share by the medical research company on Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 28th.

Labcorp has a dividend payout ratio of 16.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Labcorp to earn $19.66 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 14.6%.

Labcorp Trading Down 0.5%

NYSE LH opened at $337.76 on Wednesday. Labcorp has a 1 year low of $244.52 and a 1 year high of $339.76. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.80 and a quick ratio of 1.53. The company has a market capitalization of $27.39 billion, a PE ratio of 27.94, a P/E/G ratio of 1.96 and a beta of 0.87. The company has a fifty day moving average of $295.47 and a 200 day moving average of $277.71.

Labcorp (NYSE:LHGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The medical research company reported $4.99 earnings per share for the quarter, topping the consensus estimate of $4.78 by $0.21. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.71 billion. Labcorp had a return on equity of 16.74% and a net margin of 6.99%.The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $4.35 EPS. Labcorp has set its FY 2026 guidance at 18.100-18.550 EPS. Research analysts forecast that Labcorp will post 18.32 earnings per share for the current year.

Labcorp Company Profile

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Laboratory Corporation of America Holdings, commonly known as Labcorp (NYSE: LH), is a global life sciences company that provides comprehensive clinical laboratory and drug development services. The company operates a broad network of laboratories, patient service centers and specialty testing sites to deliver diagnostic information and testing solutions that support patient care, clinical decision-making and population health initiatives.

Labcorp’s core businesses encompass clinical laboratory testing and pharmaceutical development services.

Further Reading

Dividend History for Labcorp (NYSE:LH)

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