Cardinal Health (CAH) will raise its quarterly dividend by 16.0 percent to $0.4489 per share in 2016. This comes after 13 percent dividend hikes by the healthcare company in the previous two years.

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.