Laboratory Corp Of America Holdings's most recent quarterly dividend was on May 24, 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 1.37% based on its recent close price.
LH has a dividend yield of 1.37% which is higher than the industry average but lower than the Healthcare sector average. If we compare it with the Healthcare sector average of 1.8%, Laboratory Corp Of America Holdings's dividend yield is 24% lower.
Laboratory Corp Of America Holdings has been paying dividends for the last two consecutive years. LH has issued four 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 5% from a year ago, the dividend yield has increased by 5%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| May 24, 2024 | Jun 12, 2024 | Apr 11, 2024 | $0.72 | normal |
| 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 |
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 34.6%, Laboratory Corp Of America Holdings's payout ratio is 63% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| DGX Quest Diagnostics Inc | 2.01% | $2.92 | 38.9% |
| LH Laboratory Corp Of America Holdings | 1.37% | $2.88 | 56.5% |
Yes, Laboratory Corp Of America Holdings has been paying dividends for the last two years.
Currently LH's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in August 2024.
Laboratory Corp Of America Holdings's last dividend ex-date was on May 24, 2024. The dividend amount was $0.72 per share.
On an annual basis LH pays $2.88 per share.
Laboratory Corp Of America Holdings's current dividend yield is 1.37%.
Laboratory Corp Of America Holdings pays four dividends per year.
Laboratory Corp Of America Holdings's dividend payout ratio is 56.5%.
Laboratory Corp Of America Holdings's dividend yield is less than the Healthcare sector average.