Is Cardinal Health a Great Dividend Stock?
Why settle for an average dividend stock when you can hold a great one in your portfolio? A great dividend stock provides investors with a better yield than what they could typically earn from the average S&P 500 stock, has a solid track record of raising its payouts, and produces a sustainable dividend.
Today, I'll look at whether medical distribution company Cardinal Health (NYSE: CAH) falls into the category of a great dividend stock and whether it belongs in your dividend empire.
Investors who hold shares of Cardinal currently receive quarterly payments of $0.4859. That equates to an annual payout of $1.9436 per share, for a dividend yield of about 3.7% -- which is well above the 2% the typical S&P 500 stock pays.
Source Fool.com
