Cardinal Health, Inc. (CAH) To Go Ex-Dividend on July 1st

Cardinal Health, Inc. (NYSE:CAH) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Wednesday, July 1st will be paid a dividend of 0.5158 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, July 1st. This is a 1.0% increase from Cardinal Health’s previous quarterly dividend of $0.51.

Cardinal Health has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 29 years. Cardinal Health has a dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Cardinal Health to earn $11.98 per share next year, which means the company should continue to be able to cover its $2.06 annual dividend with an expected future payout ratio of 17.2%.

Cardinal Health Price Performance

CAH opened at $237.89 on Monday. Cardinal Health has a fifty-two week low of $137.75 and a fifty-two week high of $240.44. The business has a 50-day moving average of $206.07 and a 200-day moving average of $210.39. The company has a market capitalization of $55.72 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 1.30 and a beta of 0.52.

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