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CAH Buyback image

Cardinal Health Buyback

OLI recorded this information on 5/4/2016

Company: Cardinal Health
Buyback: CAH buyback
$Amount Authorized: $1,000,000,000
Buyback Details: Cardinal Health today announced that its board of directors approved a 16 percent increase in the company's quarterly dividend to $0.4489 per share, or $1.80 per share on an annualized basis. The quarterly dividend is payable on July 15, 2016, to shareholders of record at the close of business on July 1, 2015. The board of directors also approved a new authorization to repurchase up to $1 billion of Cardinal Health common shares, which will expire on Dec. 31, 2019. The new share repurchase program is in addition to the program approved in August 2014, of which $393 million remains available.

Cardinal Health is a healthcare services and products company providing customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices and patients in the home. Co. manages its business in two segments: Pharmaceutical and Medical. Co.'s Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical and over-the-counter healthcare and consumer products in the U.S. Co.'s Medical segment manufactures, sources and distributes Cardinal Health branded medical, surgical and laboratory products, which are sold in the U.S., Canada, Europe, Asia and other markets.

Cardinal Health SEC Filing Email Alerts Service

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CAH — Key Stats (updated 7 hours, 21 minutes ago)
Company Name:  Cardinal Health, Inc.
Stock buyback:  CAH buyback
Website:  www.cardinalhealth.com
Sector:  Drugs & Pharmaceuticals
Number of ETFs Holding CAH:  115
Total Market Value Held by ETFs:  $4.56B
Total Market Capitalization:  $25.03B
% of Market Cap. Held by ETFs:  18.22%
 

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May 1, 2024  •  5:48 PM Eastern
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Avg. Broker Rec.

Buy (2.63 out of 4)
9th percentile
(ranked lower than approx. 91% of all stocks covered)

Analysts' Target Price:
CAH Stock Forecast

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