By Roshan Fernandez
Cardinal Health said Monday it was raising its quarterly dividend by about 1%.
The Dublin, Ohio-based pharmaceuticals distributor said its dividend will be 51.07 cents a share, up from 50.56 cents a share.
The new payout, equal to $2.04 a year, represents an annual yield of about 1.3% based on Monday's closing price of $151.99.
The company last raised its dividend in May 2024. This year's dividend increase will be paid on July 15 to shareholder on record on July 1.
Write to Roshan Fernandez at roshan.fernandez@wsj.com
(END) Dow Jones Newswires
May 05, 2025 18:12 ET (22:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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