Yesterday on November 7, I Bought 20 shares of Cardinal Health, Inc. at $ 65.69 per share.
Cardinal Health, Inc. operates as a healthcare services
and products company worldwide. The company’s Pharmaceutical segment
distributes branded and generic pharmaceutical, over-the-counter healthcare,
specialty pharmaceutical, and consumer products to retailers, hospitals, and
other healthcare providers. It offers distribution, inventory management, data
reporting, new product launch support, and contract pricing and chargeback
administration services to pharmaceutical manufacturers; pharmacy and
medication therapy management, and patient outcomes services to hospitals,
other healthcare providers, and payers; consulting, patient support, and other
services to pharmaceutical manufacturers and healthcare providers. This segment
also operates nuclear pharmacies and cyclotron facilities that manufacture,
prepare, and deliver radiopharmaceuticals, as well as operates
direct-to-patient specialty pharmacies; offers logistics, marketing, and other
services; and repackages generic pharmaceuticals and over-the-counter
healthcare products. The company’s Medical segment distributes a range of
medical, surgical, and laboratory products and services to hospitals,
ambulatory surgery centers, clinical laboratories, and other healthcare
providers, as well as to patients in the home. This segment also develops,
manufactures, and sources medical and surgical products comprising surgical
drapes, and gowns and apparel; exam and surgical gloves; fluid suction and
collection systems; cardiovascular and endovascular products; and wound care
and orthopedic products, as well as assembles and offers sterile and
non-sterile procedure kits. In addition, it offers supply chain services,
including spend, distribution, and inventory management services to healthcare
providers; and post-acute care management, and transition services and software
to hospitals, other healthcare providers, and payers. The company was founded
in 1979 and is headquartered in Dublin, Ohio.
CAH is a Dividend Contenders with a 20 year streak of
dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 13.1,
17.3 , 14.5 and 27.4. (DividendChampions.xls)
After the last dividend increase declaration, Cardinal Health, Inc. now pays
dividends of $ 0.45 per share normally in January, April, July and October.
If you are interested, you can read the latest analysis
of Cardinal Health by Ben Reynolds at Sure Dividend here.
Details of my purchase:
Some ratings for CAH:
Yahoo:
Mean Recommendation 2.4, 1y Target Est $ 80.47
Reuters: Mean Rating 2.42
Morningstar:
(****)
At today's exchange rate, this purchase 20 shares of CAH
will increase € 24.28 ($ 26.82) of my expected annual net dividend income and
will increase my portfolio's projected annual net dividend income to €
9,500.00. With purchase price $ 65.685 plus commission ($ 0.00) my starting
yield on cost is 2.74%.
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to see my portfolio.
Full Disclosure: Long CAH
Thanks for stopping by!
Good buy DH. CAH has become a popular buy. The metrics all look good.
ReplyDeletegreat job. I also bought a few shares!
ReplyDeleteCheers!