Cardinal Health Inc

NYSE CAH

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Cardinal Health Inc Dividend Coverage Ratio 5 year CAGR for the year ending June 30, 2023: 2.44%

Cardinal Health Inc Dividend Coverage Ratio 5 year CAGR is 2.44% for the year ending June 30, 2023. The dividend coverage ratio measures a company's ability to cover its dividend payments with its net income. It is calculated by dividing net income by dividends paid. This ratio indicates the proportion of net income that is allocated to paying dividends. A ratio greater than 1 suggests sufficient income to cover dividend payments, while a ratio less than 1 indicates a potential shortfall. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Cardinal Health Inc Dividend Coverage Ratio for the year ending June 30, 2022 was -1.67, a -256.36% change year over year.
  • Cardinal Health Inc Dividend Coverage Ratio for the year ending June 30, 2021 was 1.07, a 116.43% change year over year.
  • Cardinal Health Inc Dividend Coverage Ratio for the year ending June 30, 2020 was -6.49, a -374.76% change year over year.
  • Cardinal Health Inc Dividend Coverage Ratio for the year ending June 30, 2019 was 2.36, a 436.11% change year over year.
NYSE: CAH

Cardinal Health Inc

CEO Mr. Jason M. Hollar
IPO Date Dec. 31, 1987
Location United States
Headquarters 7000 Cardinal Place, Dublin, OH, United States, 43017
Employees 47,040
Sector Healthcare
Industry Medical distribution
Description

Cardinal Health, Inc. operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home. The company operates in two segments, Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, and over-the-counter healthcare and consumer products. The segment also provides services to pharmaceutical manufacturers and healthcare providers for specialty pharmaceutical products; operates nuclear pharmacies and radiopharmaceutical manufacturing facilities; repackages generic pharmaceuticals and over-the-counter healthcare products; and provides pharmacy management services to hospitals. The Medical segment manufactures, sources, and distributes Cardinal Health branded medical, surgical, and laboratory products and devices that include exam and surgical gloves; needles, syringe, and sharps disposals; compressions; incontinences; nutritional delivery products; wound care products; single-use surgical drapes, gowns, and apparels; fluid suction and collection systems; urology products; operating room supply products; and electrode product lines. The segment also distributes a range of national brand products, including medical, surgical, and laboratory products; provides supply chain services and solutions to hospitals, ambulatory surgery centers, clinical laboratories, and other healthcare providers; and assembles and sells sterile, and non-sterile procedure kits. The company was incorporated in 1979 and is headquartered in Dublin, Ohio.

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StockViz Staff

September 20, 2024

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