Labcorp Declares Quarterly Dividend

Labcorp (NYSE: LH), a leading global provider of innovative laboratory services, has announced a quarterly cash dividend of $0.72 per share of common stock.

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Rhea-AI Summary

Labcorp (NYSE: LH), a leading global provider of innovative laboratory services, has announced a quarterly cash dividend of $0.72 per share of common stock. The dividend is set to be paid on September 13, 2024, to stockholders of record as of the close of business on August 29, 2024. This declaration by Labcorp's Board of Directors demonstrates the company's commitment to returning value to its shareholders and reflects confidence in its financial stability and future prospects.

Positive

Consistent dividend payment indicates financial stability
Dividend provides income for shareholders
Demonstrates company's commitment to shareholder value

Negative

None.

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News Market Reaction – LH

The recorded move for LH in the trading session of this news was +0.11%.

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07/25/2024 - 06:59 AM EDT

BURLINGTON, N.C., July 25, 2024 /PRNewswire/ -- Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, 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 September 13, 2024, to stockholders of record as of the close of business on August 29, 2024.

About Labcorp

Labcorp (NYSE: LH) is a global leader of innovative and comprehensive laboratory services that helps doctors, hospitals, pharmaceutical companies, researchers and patients make clear and confident decisions. We provide insights and advance science to improve health and improve lives through our unparalleled diagnostics and drug development laboratory capabilities. The company's more than 67,000 employees serve clients in approximately 100 countries, provided support for 84% of the new drugs and therapeutic products approved in 2023 by the FDA, and performed more than 600 million tests for patients around the world. Learn more about us at www.Labcorp.com.

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SOURCE Labcorp Holdings Inc

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the amount of Labcorp's quarterly dividend for 2024?

Labcorp has declared a quarterly cash dividend of $0.72 per share of common stock for 2024.

When will Labcorp (LH) pay its next dividend?

Labcorp will pay its next dividend on September 13, 2024.

What is the record date for Labcorp's upcoming dividend?

The record date for Labcorp's upcoming dividend is August 29, 2024, at the close of business.

How often does Labcorp (LH) pay dividends?

Based on this announcement, Labcorp pays dividends quarterly. However, future dividend frequency may vary and is subject to Board approval.

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