Cardinal Health Board of Directors Approves Increase to Quarterly Dividend

(Neutral)

Rhea-AI Summary

Cardinal Health (CAH) has announced an increase in its quarterly dividend to $0.5056 per share, payable on July 15, 2024, to shareholders of record as of July 1, 2024.

Positive

Increased quarterly dividend to $0.5056 per share.
Payment date set for July 15, 2024.

Negative

None.

News Market Reaction – CAH

-2.29%

-2.29% Session move

In the trading session that priced this news, CAH declined 2.29%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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05/07/2024 - 04:15 PM

DUBLIN, Ohio, May 7, 2024 /PRNewswire/ -- Cardinal Health (NYSE: CAH) announced today that its Board of Directors approved an increase to its quarterly dividend, to $0.5056 per share, out of the Company's capital surplus. The dividend will be payable on July 15, 2024 to shareholders of record at the close of business on July 1, 2024.

About Cardinal Health
Cardinal Health is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for health care facilities. With more than 50 years in business, operations in more than 30 countries and approximately 48,000 employees globally, Cardinal Health is essential to care. Information about Cardinal Health is available at cardinalhealth.com.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/cardinal-health-board-of-directors-approves-increase-to-quarterly-dividend-302138762.html

SOURCE Cardinal Health

FAQ

What is the new quarterly dividend amount for Cardinal Health (CAH)?

Cardinal Health has increased its quarterly dividend to $0.5056 per share.

When will the new dividend be payable to shareholders of Cardinal Health (CAH)?

The dividend will be payable on July 15, 2024, to shareholders of record as of July 1, 2024.