Dividend Aristocrat Cardinal Health raises dividend by 1% in 2022
Cardinal Health also hiked the dividend by 1.0% in 2021, 2020 and 2019, with a 3% dividend hike announced in both 2018 and 2017. This means dividend growth keeps slowing at the healthcare services and products company with the last double digit dividend hike dating back to 2016.
CARDINAL HEALTH ANNUAL DIVIDEND GROWTH
- 2022: +1.0%
- 2021: +1.0%
- 2020: +1.0%
- 2019: +1.0%
- 2018: +3.0%
- 2017: +3.0%
The increased Cardinal Health dividend will be paid to shareholders on July 15, 2022 with a record date of July 1, 2022. The new CAH estimated annualized rate of approximately $1.98 per share yields 3.5% at a stock price of $56 for Cardinal Health. The average dividend growth for CAH over the last five years drops to 1.4 percent setting a new record low.
Fellow Dividend Aristocrat AND healthcare company Johnson & Johnson (JNJ) recently announced a 6.6 percent dividend hike, marking 60 consecutive years of dividend growth.
Cardinal Health, Inc. is an integrated healthcare services and products company, providing customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories and physician offices. The company provides medical products and pharmaceuticals and cost-effective solutions that enhance supply chain efficiency. Cardinal Health's segments are Pharmaceutical and Medical. Pharmaceutical distributes branded and generic pharmaceutical, specialty pharmaceutical, and over-the-counter healthcare and consumer products in the United States. Medical manufactures, sources and distributes Cardinal Health branded medical, surgical and laboratory products, which are sold in the United States, Canada, Europe, Asia and other markets. Cardinal Health, Inc. is an Ohio corporation formed in 1979 and has paid a dividend every year since 1983.
