Dividend Aristocrat Cardinal Health (CAH) will raise its quarterly dividend by 3 percent to $0.4763 per share in 2018. Last year CAH also raised its dividend by 3 percent.
The next dividend will be payable on July 15, 2018 to shareholders of record on July 2, 2018. The new dividend yield for CAH is 3.5% and 2018 marks the 34th consecutive year of dividend increases for the healthcare company.
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.