Cardinal Health's last quarterly dividend payment of $0.501 per share was made to shareholders on record before Mar 28, 2024. The dividend payment stands at $2 per share annually, which equates to a dividend yield of 1.95%.
CAH has a dividend yield of 1.95% which is above the Healthcare sector and the industry average but below its peers average. But compared to its Healthcare sector average of 1.91%, Cardinal Health's dividend yield is only 2.1% higher. The current dividend yield is below the historical average of 3.3% of the last 5 years.
Cardinal Health has been paying dividends for the last 31 years. According to our records CAH has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 1% since one year ago. However with the stock price up by 28% from a year ago, the dividend yield marks a decrease of 21%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 28, 2024 | Apr 15, 2024 | Feb 6, 2024 | $0.501 | normal |
| Dec 29, 2023 | Jan 15, 2024 | Nov 14, 2023 | $0.501 | normal |
| Oct 2, 2023 | Oct 15, 2023 | Aug 9, 2023 | $0.501 | normal |
| Jun 30, 2023 | Jul 15, 2023 | May 11, 2023 | $0.501 | normal |
| Mar 31, 2023 | Apr 15, 2023 | Feb 10, 2023 | $0.496 | normal |
| Dec 30, 2022 | Jan 15, 2023 | Nov 8, 2022 | $0.496 | normal |
| Sep 30, 2022 | Oct 15, 2022 | Aug 10, 2022 | $0.496 | normal |
| Jun 30, 2022 | Jul 15, 2022 | May 10, 2022 | $0.496 | normal |
| Mar 31, 2022 | Apr 15, 2022 | Feb 8, 2022 | $0.491 | normal |
| Dec 31, 2021 | Jan 15, 2022 | Nov 4, 2021 | $0.491 | normal |
| Sep 30, 2021 | Oct 15, 2021 | Aug 5, 2021 | $0.491 | normal |
| Jun 30, 2021 | Jul 15, 2021 | May 6, 2021 | $0.491 | normal |
| Mar 31, 2021 | Apr 15, 2021 | Feb 5, 2021 | $0.486 | normal |
| Dec 31, 2020 | Jan 15, 2021 | Nov 5, 2020 | $0.486 | normal |
| Sep 30, 2020 | Oct 15, 2020 | Aug 6, 2020 | $0.486 | normal |
| Jun 30, 2020 | Jul 15, 2020 | May 11, 2020 | $0.486 | normal |
| Mar 31, 2020 | Apr 15, 2020 | Feb 11, 2020 | $0.481 | normal |
| Dec 31, 2019 | Jan 15, 2020 | Nov 7, 2019 | $0.481 | normal |
| Sep 30, 2019 | Oct 15, 2019 | $0.481 | normal | |
| Jun 28, 2019 | Jul 15, 2019 | May 8, 2019 | $0.481 | normal |
| Mar 29, 2019 | Apr 15, 2019 | Feb 7, 2019 | $0.476 | normal |
| Dec 31, 2018 | Jan 15, 2019 | Nov 7, 2018 | $0.476 | normal |
| Sep 28, 2018 | Oct 15, 2018 | Aug 8, 2018 | $0.476 | normal |
| Jun 29, 2018 | Jul 15, 2018 | May 9, 2018 | $0.476 | normal |
| Mar 29, 2018 | Apr 15, 2018 | Feb 7, 2018 | $0.462 | normal |
| Dec 29, 2017 | Jan 15, 2018 | Nov 8, 2017 | $0.462 | normal |
| Sep 29, 2017 | Oct 15, 2017 | Aug 9, 2017 | $0.462 | normal |
| Jun 29, 2017 | Jul 15, 2017 | May 3, 2017 | $0.462 | normal |
| Mar 30, 2017 | Apr 15, 2017 | Feb 2, 2017 | $0.449 | normal |
| Dec 29, 2016 | Jan 15, 2017 | Nov 3, 2016 | $0.449 | normal |
| Sep 29, 2016 | Oct 15, 2016 | Aug 8, 2016 | $0.449 | normal |
| Jun 29, 2016 | Jul 15, 2016 | May 4, 2016 | $0.449 | normal |
| Mar 30, 2016 | Apr 15, 2016 | Feb 2, 2016 | $0.387 | normal |
| Dec 30, 2015 | Jan 15, 2016 | Nov 4, 2015 | $0.387 | normal |
| Sep 29, 2015 | Oct 15, 2015 | Aug 5, 2015 | $0.387 | normal |
CAH has a payout ratio of 77.9% which is higher than the Healthcare sector, the industry and its peers average. In comparison with the Healthcare sector average of 35.5%, Cardinal Health's payout ratio is 119% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| PDCO Patterson Companies Inc | 4.01% | $1.04 | 51% |
| PINC Premier Inc | 3.99% | $0.84 | 60% |
| CVS CVS HEALTH Corp | 3.65% | $2.54 | 39.1% |
| CAH Cardinal Health Inc | 1.95% | $2 | 77.9% |
| TFX Teleflex Inc | 0.66% | $1.36 | 17.9% |
| MCK Mckesson Corp | 0.46% | $2.4 | 10.8% |
| OMI Owens & Minor Inc | N/A | N/A | N/A |
Yes, Cardinal Health has been paying dividends for the last 31 years.
CAH hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in June 2024.
Cardinal Health's last regular dividend was on Mar 28, 2024 (ex-date) with the amount of $0.501 per share.
CAH's annualized dividend per share is $2.
Cardinal Health's current dividend yield is 1.95%.
Cardinal Health pays four dividends per year.
Cardinal Health's dividend payout ratio is 77.9%.
Cardinal Health's dividend yield is similar to the Healthcare sector average.