Dividend Increase Announcement: Cardinal Health
Fourth Quarter 2021 Dividend
Cardinal Health (NYSE: CAH) announced today that its Board of Directors approved a quarterly dividend of $0.5056 per share. This dividend is payable on August 15, 2022 to shareholders of record as of July 15, 2022. The dividend increase represents a 1.2% increase from the previous quarterly dividend of $0.50. This is the second dividend increase in the past year for Cardinal Health. In a statement, Cardinal Health CEO Mike Kaufmann said, "We are pleased to announce this dividend increase, which reflects our continued commitment to returning cash to our shareholders." The company's strong financial performance has supported the dividend increase. In its most recent quarter, Cardinal Health reported revenue of $49.4 billion, up 6% from the same period last year. Net income was $732 million, or $1.32 per share, up 12% from the same period last year. Cardinal Health's dividend yield is currently 1.7%, which is in line with the average yield for healthcare companies. The company has a long history of paying dividends, and has increased its dividend every year for the past 10 years.
Key Points
* Cardinal Health announced a quarterly dividend of $0.5056 per share. * The dividend is payable on August 15, 2022 to shareholders of record as of July 15, 2022. * This is the second dividend increase in the past year for Cardinal Health. * The dividend yield is currently 1.7%. * Cardinal Health has a long history of paying dividends and has increased its dividend every year for the past 10 years.
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