Cardinal Health raises dividend

DUBLIN, Ohio — Cardinal Health shareholders are about to see their pockets get deeper.

Cardinal Health’s board of directors approved a 3% increase to the company's quarterly dividend. The dividend will increase from $0.4489 per share to $0.4624 per share and will be payable on July 15 to shareholders of record on July 3. 

The dividend increase means Cardinal Health’s stock provides approximately a 2.5% dividend yield based on its current price.

Dublin, Ohio-based Cardinal Health is a global, integrated healthcare services and products company, providing customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories and physician offices worldwide. The company provides clinically proven medical products and pharmaceuticals and cost-effective solutions that enhance supply chain efficiency from hospital to home. Cardinal Health connects patients, providers, payers, pharmacists and manufacturers for integrated care coordination and better patient management.