Cardinal Health raises dividend for 34th consecutive year

Dividend Aristocrat Cardinal Health (CAH) will raise its dividend by 3 percent in 2018. This marks the 34th year of higher dividend payments by the healthcare company.

The dividend will be payable on July 15, 2018 to shareholders of record on July 2, 2018. Based on the new annual dividend CAH currently yields 3.5%. Year-to-date the stock has lost 9,7 percent at a current price of $55.30.

Out of 19 analysts rating CAH, currently 3 rate the stock a buy, with 14 'holds' and 2 'sell' recommendations by the professionals. The average analyst target price is $60.87, leaving a 10 percent upside from current levels.

Cardinal Health, Inc. is a global, integrated healthcare services and products company, providing customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories and physician offices worldwide. The company provides clinically proven medical products, pharmaceuticals and cost-effective solutions that enhance supply chain efficiency from hospital to home. Cardinal Health connects patients, providers, payers, pharmacists and manufacturers for integrated care coordination and better patient management. To help combat prescription drug abuse, the company and its education partners created Generation Rx, a national drug education and awareness program.

Popular posts from this blog

Two dividend growth monsters that nobody knows about (yet)!