Wednesday May 9, the Board of Directors of Cardinal Health, Inc. announced a quarterly dividend increase of from $ 0.4624 to $ 0.4763 per share that’s payable July 15, 2018 to holders of record July 2, 2018. This represents a 3.0% increase to regular quarterly dividends. With current price $ 52.76 (yesterdays close), this raise brings their dividend yield to 3.61%.
Since I own 30 shares of CAH, this will increase my portfolio's projected annual net dividend income by $ 1.24.
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Full Disclosure: Long CAH
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I'll take that increase. CAH stock has been all over the place recently. A little dividend stability is needed especially in this sector.
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