Labcorp Declares Quarterly Dividend

Rhea-AI Summary

Labcorp (NYSE: LH) has declared a cash dividend of $0.72 per share, payable on December 9, 2022, to stockholders of record by the close of business on November 17, 2022. This announcement highlights the company's commitment to returning value to its shareholders. Labcorp operates globally, providing critical information for healthcare decisions and generating $16 billion in revenue for FY2021. The company boasts a workforce of over 75,000 employees, serving clients in more than 100 countries.

Positive

• Declaration of a cash dividend of $0.72 per share, demonstrating commitment to shareholder value.
• Strong revenue of $16 billion reported for FY2021, indicating robust financial health.

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 Dec. 9, 2022, to stockholders of record as of the close of business on Nov. 17, 2022.

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/20221012006063/en/

Labcorp Contacts:

Investors: Chas Cook - 336-436-5076

Investor@Labcorp.com

Media: Rachael Valdez - 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 payable for Labcorp (LH)?

The dividend will be payable on December 9, 2022.

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

The record date for the dividend is November 17, 2022.

What was Labcorp's revenue for FY2021?

Labcorp reported a revenue of $16 billion in FY2021.