Wednesday May 3, the Board of Directors of Cardinal Health, Inc. announced a quarterly dividend increase of from $ 0.4489 to $ 0.4624 per share that’s payable July 15, 2017 to holders of record July 3, 2017. This represents a 3.0% increase to regular quarterly dividends. With current price $ 72.74 (yesterdays close), this raise brings their dividend yield to 2.54%.
Since I own 20 shares of CAH, this will increase my portfolio's projected annual net dividend income by $ 0.80.
That increase rises my YOC to 2.82%.
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