Labcorp Declares Quarterly Dividend

Rhea-AI Summary

Labcorp (NYSE: LH) announced a cash dividend of $0.72 per share, payable on March 13, 2023, to shareholders of record by February 23, 2023. This dividend reflects the company's commitment to returning value to its shareholders. Labcorp, a leading global life sciences company, reported a revenue of $16 billion in FY2021, showcasing its robust financial performance and operational scale. The announcement aims to reinforce investor confidence amidst a competitive landscape in the healthcare sector.

Positive

• Declaring a cash dividend of $0.72 per share demonstrates strong cash flow and commitment to shareholders.
• Reported revenue of $16 billion in FY2021 indicates solid financial performance.

Negative

• None.

BURLINGTON, N.C.--(BUSINESS WIRE)-- Labcorp (NYSE: LH), a leading global life sciences company, announced today that its Board of Directors has declared a cash dividend of $0.72 per share of common stock. The dividend will be payable on March 13, 2023, to stockholders of record as of the close of business on Feb. 23, 2023.

About Labcorp

Labcorp is a leading global life sciences company that provides vital information to help doctors, hospitals, pharmaceutical companies, researchers, and patients make clear and confident decisions. Through our unparalleled diagnostics and drug development capabilities, we provide insights and accelerate innovations to improve health and improve lives. With over 75,000 employees, we serve clients in more than 100 countries. Labcorp (NYSE: LH) reported revenue of $16 billion in FY2021. Learn more about Labcorp at www.Labcorp.com or follow us on LinkedIn and Twitter @Labcorp.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20230112005838/en/

Labcorp Contacts:

Investors: Chas Cook - 336-436-5076

Investor@Labcorp.com

Media: Brandi Martin - 336-436-8263

Media@Labcorp.com

Source: Labcorp

FAQ

What is the dividend amount declared by Labcorp (LH)?

Labcorp has declared a cash dividend of $0.72 per share.

When is the dividend payment date for Labcorp (LH)?

The dividend will be payable on March 13, 2023.

What is the record date for Labcorp's (LH) dividend?

The record date is February 23, 2023.

How often does Labcorp (LH) pay dividends?

Labcorp typically pays dividends quarterly.