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. This dividend will be paid out of the company's capital surplus. Shareholders who are on record at the close of business on October 1, 2024, will receive the dividend payment on October 15, 2024. This announcement demonstrates Cardinal Health's commitment to returning value to its shareholders through regular dividend payments.

Positive

• Consistent dividend payment indicates financial stability
• Dividend provides income for shareholders
• Use of capital surplus for dividend suggests strong cash position

Negative

• None.

News Market Reaction – CAH

+1.80%

+1.80% Session move

In the trading session that priced this news, CAH gained 1.80%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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DUBLIN, Ohio, Aug. 15, 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 October 15, 2024 to shareholders of record at the close of business on October 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 healthcare 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

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SOURCE Cardinal Health

FAQ

What is the amount of Cardinal Health's (CAH) quarterly dividend for October 2024?

Cardinal Health's quarterly dividend for October 2024 is $0.5056 per share.

When will Cardinal Health (CAH) pay its next dividend?

Cardinal Health will pay its next dividend on October 15, 2024.

What is the record date for Cardinal Health's (CAH) October 2024 dividend?

The record date for Cardinal Health's October 2024 dividend is October 1, 2024, at the close of business.

How often does Cardinal Health (CAH) pay dividends?

Based on the announcement of a quarterly dividend, Cardinal Health pays dividends four times a year.