Cardinal Health Board of Directors Approves Quarterly Dividend

Rhea-AI Summary

Cardinal Health (NYSE: CAH) has announced that its Board of Directors has approved a quarterly dividend of $0.5056 per share from the company's capital surplus. The dividend will be paid on January 15, 2025, to shareholders who are on record as of January 2, 2025.

Positive

• Consistent dividend payment demonstrates financial stability
• Maintaining shareholder returns through quarterly dividend distributions

Negative

• None.

Insights

Financial Analyst

The quarterly dividend of $0.5056 per share represents a continuation of Cardinal Health's commitment to shareholder returns, translating to an annual dividend of approximately $2.02 per share. At current share prices, this yields around 1.9%, which is in line with industry standards for healthcare distributors. The company's consistent dividend payments reflect strong operational cash flows and financial stability. The board's decision to maintain rather than increase the dividend suggests a balanced approach to capital allocation, likely preserving flexibility for strategic investments while rewarding shareholders. This stability in dividend policy is particularly noteworthy given the current market environment.

DUBLIN, Ohio, Nov. 5, 2024 /PRNewswire/ -- Cardinal Health (NYSE: CAH) announced today that its Board of Directors approved a quarterly dividend of $0.5056 per share out of the Company's capital surplus. The dividend will be payable on January 15, 2025 to shareholders of record at the close of business on January 2, 2025.

About Cardinal Health
Cardinal Health is a distributor of pharmaceuticals and specialty products; a global manufacturer and distributor of medical and laboratory products; a supplier of home-health and direct-to-patient products and services; an operator of nuclear pharmacies and manufacturing facilities; and a provider of performance and data solutions. Our company's customer-centric focus drives continuous improvement and leads to innovative solutions that improve people's lives every day. Learn more about Cardinal Health at cardinalhealth.com and in our Newsroom. 

Contacts
Media: Erich Timmerman, erich.timmerman@cardinalhealth.com and 614.757.8231
Investors: Matt Sims, matt.sims@cardinalhealth.com and 614.553.3661

 

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SOURCE Cardinal Health

FAQ

What is Cardinal Health's (CAH) dividend amount for Q1 2025?

Cardinal Health's dividend amount for Q1 2025 is $0.5056 per share.

When is Cardinal Health's (CAH) next dividend payment date?

Cardinal Health's next dividend payment date is January 15, 2025.

What is the record date for Cardinal Health's (CAH) Q1 2025 dividend?

The record date for Cardinal Health's Q1 2025 dividend is January 2, 2025.

Where does Cardinal Health (CAH) source its dividend payment from?

Cardinal Health's dividend payment comes from the company's capital surplus.