Labcorp Holdings Inc. (NYSE:LH – Get 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 Company Profile
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.
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