How Safe Is Cardinal Health's Dividend?
A lot has to happen for patients to get the prescription drugs they need, and Cardinal Health (NYSE: CAH) plays a key role in the healthcare industry. As a drug wholesaler, Cardinal Health distributes pharmaceuticals to a wide range of pharmacies, hospitals, and other healthcare facilities. The company also provides a variety of other medical products for its professional and consumer customers. Along the way, Cardinal Health has been able to reward its shareholders with steadily increasing dividends. Yet with new pressure on the drug distribution front, some investors fear that Cardinal could face greater challenges in the future. Let's take a closer look at Cardinal Health to see whether investors can be confident in its ability to keep its dividend moving higher.
Current Quarterly Dividend Per Share
$0.4624
Source: Fool.com
Cardinal Health Inc. Stock
We see a rather positive sentiment for Cardinal Health Inc. with 11 Buy predictions and 2 Sell predictions.
As a result the target price of 107 € shows a positive potential of 20.12% compared to the current price of 89.08 € for Cardinal Health Inc..
