Cardinal Health Hikes Quarterly Dividend by 25 Percent

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Cardinal Health Hikes Quarterly Dividend by 25 Percent

by Lynn Shapiro, Writer | June 03, 2009
Dividends are up
Cardinal Health, announced a 25 percent increase in its regular quarterly dividend to $0.175 per share, or $0.70 per share, on an annualized basis.

The dividend increase precedes Cardinal's planned spinoff of CareFusion Corporation. In September 2008, Cardinal announced plans to spin off CareFusion, its clinical and medical products businesses, as a separate publicly traded company. CareFusion's product line includes respiratory equipment, infection preventatives and surgical instruments and services.

The Dublin, OH company has steadily increased its quarterly dividend from $0.03 per share in 2005 and has paid a $0.14 per share quarterly dividend since July 15, 2008, the company says.

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Source: PR Newswire