Back to LH overview

LH Laboratory Corp Of America Holdings dividend history, payout ratio & dates

Laboratory Corp Of America Holdings's most recent quarterly dividend was on Feb 26, 2024 (ex-date) with a cash dividend payment of $0.72 per share. On an annualized basis, the company has a current payout of $2.88 per share. This brings the dividend yield to 1.43% based on its recent close price.

Key dates

  • LH last dividend date: Feb 26, 2024
  • LH next dividend date: Not announced
LH dividend stats
DPS
$2.88
Dividend yield
1.43%
Payout ratio
56.5%
vs. Healthcare sector
Dividend yield
1.85%
Payout ratio
33.8%

Dividend yield

What is Laboratory Corp Of America Holdings current dividend yield

LH has a dividend yield of 1.43% which is higher than the industry average but lower than the Healthcare sector average. If we compare it with the Healthcare sector average of 1.85%, Laboratory Corp Of America Holdings's dividend yield is 23% lower.

Dividend history

What is LH dividend payout history and dates

Laboratory Corp Of America Holdings has been paying dividends for the last two consecutive years. LH has issued three quarterly dividends in the last twelve months. The annualized DPS has not changed for the last year. But since the stock price has gone down by 8% from a year ago, the dividend yield has increased by 9%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Feb 26, 2024 Mar 13, 2024 Jan 12, 2024 $0.72 normal
Nov 7, 2023 Dec 12, 2023 Oct 12, 2023 $0.72 normal
Aug 7, 2023 Sep 8, 2023 Jul 13, 2023 $0.72 normal
May 17, 2023 Jun 8, 2023 Apr 6, 2023 $0.72 normal
Feb 22, 2023 Mar 13, 2023 Jan 12, 2023 $0.72 normal
Nov 16, 2022 Dec 9, 2022 Oct 12, 2022 $0.72 normal
Aug 17, 2022 Sep 9, 2022 Jul 14, 2022 $0.72 normal
May 18, 2022 Jun 9, 2022 Apr 7, 2022 $0.72 normal

Laboratory Corp Of America Holdings dividend payout ratio

What is Laboratory Corp Of America Holdings dividend payout ratio compared to the sector

Payout ratio

LH has a payout ratio of 56.5% which is higher than the Healthcare sector and the industry average. If we compare it with the Healthcare sector average of 33.8%, Laboratory Corp Of America Holdings's payout ratio is 67% higher.

Total amount of dividends paid per financial year (from cash flow)

LH dividend vs peer dividends

How does LH dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
DGX Quest Diagnostics Inc 2.03% $2.88 38.2%
LH Laboratory Corp Of America Holdings 1.43% $2.88 56.5%

Frequently asked questions

Does Laboratory Corp Of America Holdings pay a dividend?

Yes, Laboratory Corp Of America Holdings has been paying dividends for the last two years.

When is Laboratory Corp Of America Holdings's next dividend?

Currently LH's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in May 2024.

When was LH's last dividend?

Laboratory Corp Of America Holdings's last dividend ex-date was on Feb 26, 2024. The dividend amount was $0.72 per share.

How much dividend does Laboratory Corp Of America Holdings pay (per share)?

On an annual basis LH pays $2.88 per share.

What is Laboratory Corp Of America Holdings's dividend yield?

Laboratory Corp Of America Holdings's current dividend yield is 1.43%.

How often does Laboratory Corp Of America Holdings pay dividends?

Laboratory Corp Of America Holdings pays four dividends per year.

What is Laboratory Corp Of America Holdings's dividend payout ratio?

Laboratory Corp Of America Holdings's dividend payout ratio is 56.5%.

Does Laboratory Corp Of America Holdings pay a good dividend?

Laboratory Corp Of America Holdings's dividend yield is less than the Healthcare sector average.